Industrial policy resolution 1956

  • The policy of 1956, is to give a dominant role to the public sector.
  • Also fair treatment to the private sector.
  • To encourage cottage and small scale enterprises by restricting the volume of production by large scale industries and differential taxation or by direct subsidies.
  • It emphasized the necessity of reducing the regional disparities in levels of development.
  • Also, the government recognized the need for foreign capital for progressive Indianisation of foreign concerns.
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* * All the Notes in this blog, are referred from Tamil Nadu State Board Books and Samacheer Kalvi Books. Kindly check with the original Tamil Nadu state board books and Ncert Books.
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