18-08-2012, 12:51 PM
Under Small Scale Industries Schemes
INTRODUCTION TO SMALL SCALE INDUSTRY
The SSI (SMALL SCALE INDUSTRY) today is immense for the growth of the country. Small scale industries are the industries which are run with the help of hired labors and which also use some simple machine and power.
The investment scale in this industry from 5 lakh to 1crore for fixed assets. Irrespective number of worker engaged is small scale industry unit.
In India these type of industries are permuted to meet with the problem of excess population & unemployment so the government of India praise entrepreneur to step up small scale industries by aiding him by giving loans, land, guidance etc. The strategy adopted by the government is:-
1. Public entrepreneurship should remain confined only to those industries & sector where private enterprise, individual or corporate, is generally not attracted. Existing public entrepreneurship be improved through better management & by putting relative greatly emphasis on research &development .
ECOMOMIC PERFORMANCE
Production
The small-scale industries sector plays a vital role in the growth of the country. It contributes almost 40% of the gross industrial value added in the Indian economy. It has been estimated that a million Rs. of investment in fixed assets in the small scale sector produces 4.62 million worth of goods or services with an approximate value addition of ten percentage points. The small-scale sector has grown rapidly over the years. The growth rates during the various plan periods have been very impressive. The number of small - scale units has increased from an estimated 0.87 million units in the year 1980-81 to over 3 million in the year 2000.When the performance of this sector is viewed against the growth in the manufacturing and the industry sector as a whole, it instills confidence in the resilience of the small-scale sector.