The 1997 _____ Committee Report on Small Enterprises provided the intellectual foundation as well as a practical roadmap for this important reform.
Show answer & explanation
Correct answer: D
Explanation
The Abid Hussain Committee was formed in 1995 to develop and reform small-scale industries (SSIs), and submitted its report in 1997.
Key Recommendations of the Abid Hussain Committee (1997):
The committee provided a "practical roadmap" for transforming the structure of small-scale industries in India, which included the following points:
Ending Reservations: The committee suggested that the policy of special product reservations for small-scale industries should be gradually eliminated to enable them to face global competition.
Increasing Investment Limits: It advocated increasing the investment limit in plant and machinery for small-scale units.
MSME Development: It emphasized modernizing small-scale enterprises and providing them financial assistance.