In this Act, unless the context requires otherwise —
(a) “borrower” means a person who has received a loan under this Act, and which has not been repaid in full in accordance with section 5;
(b) “cottage industry” means an industry specified as such by rules made by the State Government, regard being had in particular to the fact that such industry is carried on by an artisan in or near his home, and the capital of which does not exceed Rs. 25,000/- (or such other sum as the State Government may from time to time in such rules denote);
(c) “industry” means the manufacture, preservation or processing of goods, or any handicrafts, or industrial business or enterprise, carried on by any person;
(d) “loan” means a loan granted under this Act;
(e) “prescribed” means prescribed by rules under this Act;
(f) 1[ “small scale industry” means any industry notified as such by the Central Government, from time to time.];
(g) “State Government” means the Administrator appointed under Article 239 of the Constitution.