Question : The upper limit of investment in plant and machinery for small-scale industries has been fixed currently at:
Option 1: Rs. 35 lakhs
Option 2: Rs. 45 lakhs
Option 3: Rs. 60 lakhs
Option 4: 1 crore
Correct Answer: 1 crore
Solution : The correct option is 1 crore .
The upper limit of investment in plant and machinery for small-scale industries has been fixed at Rs. 1 crore. It means that small-scale industries can make a one-time investment in machinery, plants and equipment, but it cannot exceed Rs. 1 crore, and their annual turnover cannot exceed Rs. 5 crore.
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