Industries that fall under cottage and small industries:

• Handloom, tailoring, press work
• Woolen carpets, pashmina shawls, woolen garments, knitting work
• Carpentry, wooden designs, artwork, bamboo items, cane-based artwork and
• furniture, handmade papers
• Gold, silver, copper, and precious stone ornaments
• Leatherwork from hides tanned at the local level
• Stone sculpture work, statues, pottery work, painting, and artwork
• Handmade gift items of all kinds
• Making of traditional agricultural tools, utensils, etc

Industry should fixed assets of up to two lakhs rupees, and consumes energy less than 5 kilowatts.

Fixed assets of the industry may include liquid as well as fixed assets.

1. Land and land reforms - such as land handling, digging and burying, walling,
2. Local physical infrastructures - such as sewage, internal roads
3. Offices, factory buildings , warehouses, power distribution, water distribution systems, and housing buildings
4. Transportation tools,
5. Device and tools,
6. Electrical equipment and office equipment,
7. Furniture, fixes, communication systems, and equipment.

In addition to the mentioned assets, technical consultation and supervision expenses, pre-investment and festival operating expenses, and construction periods, which will be or are capitalized in various stages of construction phases, are designated to be recognized as a fixed asset of the industry.

*PF denotes for partnership firm and SP denotes sole propritory firm