What is the Industrial Policy for Small Scale Industries?
Vibrant sector of the economy during the eighties, the primary objectives of the impetus to the sector to enable it to contribute its mite fully to the economy particularly in terms of growth of output, employment and exports. For the first time Government came out with a separate small scale industries policy. The industry which were conflicting should be cleared by resort to economic federalism by a policy of integrated industrial development of nucleus plants in each district identified as industrially backward to generate as many accessories and small scale and cottage units as possible. IN order to boost the development of small-scale industries and to ensure their rapid growth the Government increased the limit of investment in the case of tiny units to Rs.5 Lakhs irrespective of the location of units. The policy statement, 1991, also recognised as small the growth of service sector units. The statement recognised all industry related to service and business enterprises irrespect
