Section 3 in The M.P. State Aid to Industries Act, 1958
3. Classification of industries.
- For the purposes of this Act, the industries shall be classified as follows :-(i)large-scale industry meaning an industry the capital outlay of which on land, building, installed machinery, railway siding or other fixed assets exceeds rupees ten lakhs;(ii)medium-scale industry meaning an industry the capital outlay of which on land, building, installed machinery, railway siding or other fixed assets exceeds [rupees five lakhs] [Substituted by M.P. Act No. 21 of 1961.] but does not exceed rupees ten lakhs;(iii)small-scale industry meaning an industry other than a large-scale industry or medium-scale industry.
