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In which industrial policy was the investment limit for tiny industry/unit increased to Rs. 2 lakh?
Question

In which industrial policy was the investment limit for tiny industry/unit increased to Rs. 2 lakh?

A.

1977

B.

1991

C.

1980

D.

1956

Correct option is C

 
 
The correct answer is (c) 1980.
1980 Industrial Policy:-
· The industrial policy in which the investment limit for tiny industry/unit was increased to ₹2 lakh is the 1980 industrial policy.
· This policy was introduced with the aim of promoting small-scale industries and providing them with financial assistance.
· The increase in investment limit allowed more entrepreneurs to enter the market and set up their own businesses.
· This policy also introduced measures such as reservation of products, subsidies on raw materials, and priority lending to small-scale industries to further support their growth.

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