Small-scale industries in India in 1950 were defined as all those industries in which the maximum investment amounted to:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 5 lakh.
In 1950, small-scale industries (SSIs) in India were defined as those industries in which the maximum investment in fixed assets did not exceed ₹5 lakh (₹500,000).
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This definition was established in the early years of planning to promote indigenous entrepreneurship and decentralized industrial growth.
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The idea was to support industries with limited capital investment, encouraging employment and balanced regional development.
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Over time, this definition has been revised several times to reflect inflation and economic changes, but in 1950, the threshold was ₹5 lakh.