Small Scale Business:
A small scale business is one that requires a minimal amount of labor and merchandise . It could be a family business or some small scale industry business. Large profits are not expected in this type of business, whereas the business runners do expect daily considerable profits .
In India the types of small scale industries are:
Ancillary Industrial Undertakings:
The investment in plant and machinery not to exceed Rs.1crore; and the undertaking must sell not less than 50% of the its output to other industrial undertakings.
Export-Oriented Units:
The investment in plant and machinery is rounded up to Rs. 5 crores; and the unit must export at least 30% of its output by the end of three years from the start ofof productio
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