Question
Download Solution PDFExample of small scale industries.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Soaps production.
Key Points
- Small scale industries are those industries in which the cost and amount of labor force are less.
- Small scale industries play an important role in the entire industrial economy of the country.
- Small scale industries contribute approximately 33% to India's total exports.
Additional Information
- The biggest difference between small-scale industries and large-scale industries is the total cost (investment), employment generation, and cash flow.
- Under the list of small-scale industries, any work/business whose initial cost is more than 10 lakhs and work is more than one crore, they come.
- Some small scale industries are as follows -
- Making herbal goods like soap, oil, etc.
- hand made chocolate
- cookie and biscuit making
- Making and selling desi butter, ghee, and paneer
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