Define small scale and cottage industries.

1.	Define small scale and cottage industries.
Answer» Small scale industries- Small scale, industries, also known as MSMEs, are defined and categorized by Micro, Small and Medium Enterprises. This divides the industries into various types, on the basis of investment in plant & machinery in case of manufacturing industries and on the basis of investment in equipment in case of service sector industries. Cottage Industry : A business or manufacturing activity carried on in people’s homes by the family members. Example- weaving clothes etc.

Answer»

Small scale industries- Small scale, industries, also known as MSMEs, are defined and categorized by Micro, Small and Medium Enterprises. This divides the industries into various types, on the basis of investment in plant & machinery in case of manufacturing industries and on the basis of investment in equipment in case of service sector industries.

Cottage Industry : A business or manufacturing activity carried on in people’s homes by the family members. Example- weaving clothes etc.

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Define small scale and cottage industries.

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