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Small Scale Industries

Small Scale Industries (SSIs) play a vital role in economic development. This article discusses the importance, challenges, and suggested solutions for SSIs. Explore the significance of SSIs in employment, wealth distribution, and more.

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Small Scale Industries

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  1. Small Scale Industries

  2. Small Scale Industries are those Industries which having afixed capital up to Rs 5 Crore invested in plant and machinery

  3. Present position Economic survey 2008-09

  4. Importance of small scale Industries • Employment • Equal Distribution of wealth • Decentralization • Less pressure of population on Agriculture • Increase in Production • Need Less capital

  5. Artistic goods • Individual taste • Complementary to large Industries • Industrial Peace • Role in Exports • Use of local resources

  6. Problems • Shortage of raw Material • Lack of power • Problem of Finance • Old methods of production • Problem of Marketing • Higher cost of production • Lack of able entrepreneurship

  7. Suggestions • Supply of raw material • Marketing facilities • Credit facilities • Improvement in methods of production • Training • Government help • Quality Control

  8. Government Consortium • Research • Modernization

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