Ent & Small Business_mc-202.pdf - Class M.Com Writer Dr M.C Garg Subject Entrepreneurship and Small Business Development Course Code MC-202 Lesson

Ent & Small Business_mc-202.pdf - Class M.Com Writer Dr...

This preview shows page 1 - 4 out of 66 pages.

Class: M.Com Writer: Dr. M.C. Garg Subject: Entrepreneurship and Small Business Development Course Code: MC-202 Lesson No.: 1 SMALL SCALE SECTOR IN INDIA STRUCTURE 1.0 Objective 1.1 Introduction 1.2 Meaning and Definition of Small Scale Industry 1.3 Features of Small Scale Industries 1.4 Objectives of Small Scale Industries 1.5 Small Business as a Seedbed of Entrepreneurship 1.6 Relationship between Small and Large Industries 1.7 Rationale of Small Scale Industries 1.8 Importance of Small Scale Industries 1.9 Role of Small Sale Industries in India 1.10 Problems of Small Scale Industries 1.11 Remedial Measures 1.12 Steps taken to solve problems of SSIs 1.13 Summary 1.14 Keywords 1.15 Self Assessment Questions 1.16 Suggested Readings 1.0 OBJECTIVES After reading this lesson, you should be able to: (a) Define small scale industry and explain the features and objectives of SSI. (b) Discuss the relationship between small and large industries. (c) Highlight the importance and role of small scale industries in 1
Image of page 1
India. (d) Describe the problems of small scale industries and explain the remedial measures to overcome these problems. 1.1 INTRODUCTION The Small-Scale Industries (SSI) have a crucial role in a developing economy like India. They play a strategic role in the progress of the country. These industries by and large represent a stage in economic transition from traditional segments to modern segments. The traditional nature of this process is reflected in the diversities of these industries. Some small scale units employ simple skills and mechanism while many other units use modern and sophisticated technology. Now, our economy is facing a challenge of economic growth. It has to accelerate the productivity of many important areas like agriculture and industry by improving their techniques of production. SSIs have been assigned to fulfil these expectations in more economic and diversified way. SSIs constitute an important part of the Indian economic structure. They integrate a continuing element in the scheme of national planning. They are a strategic part of the Indian economy as well as a progressive and effective decentralized sector, which is closely related with agriculture and medium and large-scale industries. The whole scheme of a socialistic pattern of society with employment for all rests on the decentralisation and wide distribution of economic activity, enterpreneurship and economic advantages. The basic social philosophy underlying Indian Planning is to develop medium and large scale sector only to take advantage of modern technology. Over the rest of the field, SSIs will be encouraged to play their active role. If there is change in scale, 2
Image of page 2
that has to be developed with the help of mutual co-operation, both horizontal and vertical.
Image of page 3
Image of page 4

You've reached the end of your free preview.

Want to read all 66 pages?

  • Winter '17
  • Dr. Manu Priya
  • Management, small scale industries, Small industries