[amp_mcq option1=”Rs. 35 lakhs” option2=”Rs. 5 crores” option3=”Rs. 70 lakhs” option4=”None of these” correct=”option1″]
The correct answer is: A. Rs. 35 lakhs
The limit of investment in plant and machinery to be classified as a small-scale industry is Rs. 35 lakhs. This limit was increased from Rs. 25 lakhs in 2017. The government has also announced a number of incentives for small-scale industries, such as tax breaks and subsidies. These incentives are aimed at promoting the growth of small-scale industries and creating employment opportunities.
Option B is incorrect because the limit of investment in plant and machinery to be classified as a small-scale industry is Rs. 35 lakhs, not Rs. 5 crores.
Option C is incorrect because the limit of investment in plant and machinery to be classified as a small-scale industry is Rs. 35 lakhs, not Rs. 70 lakhs.
Option D is incorrect because the limit of investment in plant and machinery to be classified as a small-scale industry is Rs. 35 lakhs.