Chapter-8 Small Business AND Entrepreneurshi P Development PART - 1
Chapter-8 Small Business AND Entrepreneurshi P Development PART - 1
Chapter-8 Small Business AND Entrepreneurshi P Development PART - 1
SMALL BUSINESS
AND
ENTREPRENEURSHI
P DEVELOPMENT
PART--1
A business which operates on a small scale
and required less capital, less labour and
less machines is called small business.
The goods are produces on a small scale.
This business is operated and managed by
the owner of the business. In India, the
village and small Industries sector
consists of both traditional Handlooms,
Handicrafts, khadi and Village Industries.
Modern small Industries – Small scale
industries and Power looms.
• According to The Micro,Small
and Medium Enterprise
Development (MSMED) Act,
2006, a small scale enterprise
defined as one where the
investment in Plant and
Machinery is more than Rs. 25
lakhs but does not exceed Rs.
5 crore.
• Several parameters can be used to
measure the size of business. These
include
• The number of persons employed in
business,
• Capital invested in business,
• Volume of output of business and
• Power consumed for business
activities.
• The definition used by the Government of India to
describe small Industries is based on the investment
in plant and machinery. It can be divided as follows:
Category