Question 11 of 18beginner🧠 RememberVery Short1 mark
What is meant by Village and Khadi Industry?
Correct Answer
Village Industry refers to any industry located in a rural area which produces goods or renders services with or without the use of power, where the fixed capital investment per head is specified by the central government. Khadi Industry is identified as a traditional subgroup of the MSME sector.
Exercise: EXERCISES - Very Short Answer Questions | Q: 4 | (Chapter: 16)
For More Understanding
Explanation
The provided context explicitly defines 'Village Industry' based on its location (rural area), nature of work (goods/services), and capital investment criteria set by the government. For 'Khadi Industry', the context does not provide a specific definition but identifies it as a subgroup within the traditional small industries segment of the MSME sector.