BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Small Industrial Company
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State Small Industrial Corporation
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State Small Industry Corporation
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State Small Industrial Collaboration
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Detailed explanation-1: -Karnataka State Small Industries Development Corporation is the industrial and investment promotion agency of the Government of Karnataka. The growth of Small Scale Industries in our country since independence is rightly regarded as one of the most significant features of planned economic development.
Detailed explanation-2: -Small Scale Industries (SSI) are those industries in which the manufacturing, production and rendering of services are done on a small or micro scale. These industries make a one-time investment in machinery, plant, and equipment, but it does not exceed Rs. 10 crore and annual turnover does not exceed Rs. 50 crore.
Detailed explanation-3: -The important functions performed by the SSIDCs include: • To procure and distribute scarce raw materials. To supply machinery on hire purchase system. To provide assistance for marketing of the products of small-scale industries.