In which industrial policy was the investment limit for tiny industry/unit increased to ₹2 lakh?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 1980.
The investment limit for tiny industries was increased to ₹2 lakh in the Industrial Policy of 1980. This policy sought to bolster the small and tiny industrial sector by raising the financial threshold, allowing these units to expand their operations and increase production capacity. The change aimed to support the growth of small businesses and stimulate industrial development in India.