Question 10 of 18beginner🧠 RememberShort Answer3 marks

State the meaning of Village and Khadi industries?

Correct Answer

Village Industry is defined as any industry located in a rural area which produces any goods or renders any service with or without the use of power. In these industries, the fixed capital investment per head or artisan or worker is specified by the central government from time to time.

Khadi Industry is identified as one of the eight subgroups of the MSME sector. It falls under the 'traditional' small industries segment. Along with Village Industries, the Khadi segment is a major contributor to the growth of the MSME sector.

Exercise: EXERCISES - Short Answer Questions | Q: 6 | (Page 16)
For More Understanding

Explanation

The answer for Village Industry is directly derived from the definition provided in the first text chunk. For Khadi Industry, the provided context does not offer a specific definition but identifies it as a subgroup of the MSME sector and part of the 'traditional' industries in the second text chunk. The answer adheres strictly to the provided context without adding external definitions for Khadi.