Question

Write a word or phrase or term which can substitute each one of the following statements.

An industry in which investment in fixed asset is more than 25 lacs but does not exceed 5 crores.

Answer 1

An industry in which investment is fixed asset is more than 25 lakh but does not exceed 5 crores. – Small industry

Explanation:
A small-scale industry is one in which the investment in plant and machinery is limited to a defined range, i.e. from Rs. 25 lakhs to Rs. 5 crores in the manufacturing sector and from Rs. 10 lakhs to Rs. 2 crores in the service sector.