Village Industry - Indian Laws - General

As per section 2(h) of Khadi and Village Industries Commission Act, 1956 Village Industry means,- (i) any industry located in a rural area which produces any goods or renders any service with or without the use of power and in which the fixed capital investment per head of an artisan or a worker does not exceed one lakh rupees or such other sum as may, by notification in the Official Gazette, be specified from time to time by the Central Government: Provided that any industry specified in the Schedule and located in an area other than a rural area and recognised as a village industry at any time before the commencement of the Khadi and Village Industries Commission (Amendment) Act, 1987 shall, notwithstanding anything contained in this sub-clause, continue to be a village industry under this Act: Provided further that in the case of any industry located in a hilly area, the provisions of this sub-clause shall have effect as if for the words one lakh rupees , the words one lakh and fifty thousand rupees had been substituted . (ii) any other non-manufacturing unit established for the sole purpose of promoting, maintaining, assisting, servicing (including mother units) or managing any village industry;