Industries to be aided

(1) The industries,to which aid may be given under this Act shall be such as have an important bearing on the economic development of the country and shall be : (a) new or nascent industries, or (b) industries to be newly introduced into areas where such industries are undeveloped, or (c) cottage industries, or (cc) small-scale industries, or (d) old or established industries: (2) No such aid shall be given to any joint-stock company unless : (a) the same is registered in India on a rupee capital, and shall be citizens of India. Every recipient of aid under this Act shall make such provision for the training of apprentices as the State Government may, from time to time, prescribe. (3) The decision of the State Government as to whether the conditions of this section are fulfilled shall be final and shall not be called in question in any Court of law.