Definitions

In this Act-(i) 'cottage industry' means an industrial business or enterprise carried on in any premises to which the Factories Act, 1948 (Central Act LXIII of 1948) does not apply and includes dairy-farming, bee-keeping and keeping a piggery-farm; (i-a) 'sanctioning authority' means any authority, officer or other person authorized to grant aid by or under this Act : (ii) 'small-scale industry' means an industrial business or enterprise the capital invested in which does not exceed five lakhs of rupees. (ii-a) 'transfer' with all its grammatical variations and cognate expressions includes sale, exchange, mortgage, charge, lease or gift; (iii) 'village industry' means any industry which forms the normal occupation, whether whole time or part time, of any class of the rural population of the State.