Business Studies · Ch 9 — MSME and Business Entrepreneurship
Key Terms
Key Terms
- Small scale industries — Industrial units with modest investment in plant and machinery and turnover, making up about 95% of India's industrial units.
- Cottage industries — Rural or traditional industries not defined by a capital-investment criterion.
- Tiny industries — Very small enterprises at the lowest end of the size scale, run with minimal investment.
- Micro business industries — The smallest MSME category, with investment in plant and machinery up to 1 crore and turnover up to 5 crore; the vast majority (about 99.4%) of MSMEs.
- Khadi industries — Part of the Khadi and Village Industries segment; a traditional sub-group and major contributor to the MSME sector. …