Correct Answer: Small-scale industries

Solution : The correct answer is (a) Small-scale industries

The 1991 economic policy in India aimed to promote the development of small-scale industries. The policy shift towards liberalization and market-oriented reforms was intended to create a more conducive environment for the growth and expansion of small-scale enterprises.

Some of the key initiatives implemented to support small-scale industries included simplifying regulatory frameworks, providing easier access to credit, facilitating technology transfer, promoting entrepreneurship, and encouraging competitiveness. These measures aimed to create a more favorable business environment for small-scale enterprises to thrive and contribute to economic growth and employment generation.