The document summarizes government policies in India that promote small scale industries. Key policies include:
1. Reservation of certain manufacturing items exclusively for small scale industries to boost production and employment.
2. Industrial policy resolutions from 1948-1991 that stressed the role of small scale industries, provided subsidies and credit, increased investment limits, and reserved more manufacturing items for the small scale sector.
3. The establishment of the Small Industries Development Bank of India to ensure adequate credit flow to small scale industries.
Role Of Agencies assisting EntrepreneurshipAnubha Rastogi
Various agencies in India including DICs, NSICs, EDII, NIESBUD,NEDB and more are functioning to promote entrepreneurship. Several new initiatives have also been taken by the Government of India to promote the culture of entrepreneurship.
Role Of Agencies assisting EntrepreneurshipAnubha Rastogi
Various agencies in India including DICs, NSICs, EDII, NIESBUD,NEDB and more are functioning to promote entrepreneurship. Several new initiatives have also been taken by the Government of India to promote the culture of entrepreneurship.
Entrepreneurship Development Programme (EDP)uma reur
EDP – Introduction to Entrepreneurship Development Programme
Entrepreneurship Development Programme is primarily meant for developing those first generation entrepreneurs who on their own cannot become successful entrepreneurs. It covers three major variables- location, target group and enterprise.
Any of these can become the focus or starting point for initiating and implementing an EDP.
Women Entrepreneurship - Types & Functionsuma reur
1.Chance Entrepreneurs
2.Created Entrepreneurs
3.Benami Entrepreneurs
4.Natural Entrepreneurs
5. Forced Entrepreneurs
Women Entrepreneur is not different from the concept of Entrepreneur, all the concept characteristics & functions are applicable to Women Entrepreneur. The role of women in family & society is changing very fast. Those days are gone where typically women are expected to look after household activities change in various social aspect like equal treatment to women, no discrimination among male & females availability of equal opportunities to work in any field slowly these changes have forced her to become more competitive & also encouraged into business operations.
Entrepreneurship development - Institutional AssistanceSOMASUNDARAM T
Financial assistance through SFCs, SIDBI, Commercial Banks, KSIDC, KSSIC, IFCI; Non-financial assistance from DIC, SISI, EDI, SIDO, AWAKE, TCO, TECKSOK, KVIC; Financial incentives for SSI and Tax Concessions ; Industrial estates: role and types.
Entrepreneurship development - Micro Small and Medium EnterprisesSOMASUNDARAM T
Meaning; Definition; Types; product range; capital investment; ownership patterns; Importance and role played in the development of the Indian economy; Problems and Remedies; Sickness in MSME’s; Meaning and definition of a sick industry; Causes of industrial sickness; Preventive and remedial measures for sick industries.
Role of Entrepreneur's in economic development and role of women entrepreneur's.Jaikumar Pandit
What is Entrepreneur??
• Entrepreneur is a person who takes initiative or one who come up with an idea that helps to create new jobs, encourage society and disperse wealth because of new products or services that are introduced into the market. This gives great impact to each and every individual as some ways or the other, we all get correlated.
For example, with the introduction of Uber rides it gave great impacts on an auto rickshaw and local buses whereas millions of people got job car driver to make that Uber ride possible.
Entrepreneurship Development Programme (EDP)uma reur
EDP – Introduction to Entrepreneurship Development Programme
Entrepreneurship Development Programme is primarily meant for developing those first generation entrepreneurs who on their own cannot become successful entrepreneurs. It covers three major variables- location, target group and enterprise.
Any of these can become the focus or starting point for initiating and implementing an EDP.
Women Entrepreneurship - Types & Functionsuma reur
1.Chance Entrepreneurs
2.Created Entrepreneurs
3.Benami Entrepreneurs
4.Natural Entrepreneurs
5. Forced Entrepreneurs
Women Entrepreneur is not different from the concept of Entrepreneur, all the concept characteristics & functions are applicable to Women Entrepreneur. The role of women in family & society is changing very fast. Those days are gone where typically women are expected to look after household activities change in various social aspect like equal treatment to women, no discrimination among male & females availability of equal opportunities to work in any field slowly these changes have forced her to become more competitive & also encouraged into business operations.
Entrepreneurship development - Institutional AssistanceSOMASUNDARAM T
Financial assistance through SFCs, SIDBI, Commercial Banks, KSIDC, KSSIC, IFCI; Non-financial assistance from DIC, SISI, EDI, SIDO, AWAKE, TCO, TECKSOK, KVIC; Financial incentives for SSI and Tax Concessions ; Industrial estates: role and types.
Entrepreneurship development - Micro Small and Medium EnterprisesSOMASUNDARAM T
Meaning; Definition; Types; product range; capital investment; ownership patterns; Importance and role played in the development of the Indian economy; Problems and Remedies; Sickness in MSME’s; Meaning and definition of a sick industry; Causes of industrial sickness; Preventive and remedial measures for sick industries.
Role of Entrepreneur's in economic development and role of women entrepreneur's.Jaikumar Pandit
What is Entrepreneur??
• Entrepreneur is a person who takes initiative or one who come up with an idea that helps to create new jobs, encourage society and disperse wealth because of new products or services that are introduced into the market. This gives great impact to each and every individual as some ways or the other, we all get correlated.
For example, with the introduction of Uber rides it gave great impacts on an auto rickshaw and local buses whereas millions of people got job car driver to make that Uber ride possible.
Government policies for development and promotion of small scale industries in India
State Finance Corporations
Small Industries Development Bank of India
Entrepreneurship Development Institute of India
Khadi and Village Industries Corporation
Being responsible for contributing to the expansion of entrepreneurial endeavours the Micro, Small and Medium Enterprises sector ( hereinafter MSME ) has been widening its domain across the country. The article intended to give detailed information on MSME, its background, recent initiatives and its working.
Industrial Policy Resolution of 1948
Industrial Policy Resolution of 1956
Industrial Policy Resolution of 1973
Industrial Policy Resolution of 1977
Industrial Policy Resolution of 1980
The New Industrial Policy of 1991
The industrial policy means the procedures, principles,policies rules and regulations which control the industrial undertaking of the country and pattern of industrialization. It explains the approach of Government in context to the development of industrial sector.
2. What Are Small Scale Industries
The industries which are organized on a small
scale and produce goods with the help of small
machines, hired labor and power are called as
small scale industries. Scale Industry is defined as
a unit in which investment in original value of
plant and machinery should not exceed Rs. 1.5
crore
3. Characteristics Of Small Scale Industries
1.Strart up cost
2.Profitability
3. Employees
4. Localized Operation
5.Use of indigenous raw material
4. Government Polices For Small Scale
Industries
Reservation for Manufacturing:
Reservation of items for exclusive manufacture
sector statutorily provided for in the Industries
(Development and Regulation) Act, 1951, has been
one of the important policy measures for
promoting this sector. The Reservation Policy has
two objectives:-
Ensure increased production of consumer goods in
the small scale sector.
Expand employment opportunities through setting
up of small scale industries.
5. Industrial Policy Resolutions 1948
• Industrial policy resolution 1948
The government stressed the role of SSIs for
balanced industrial growth.
It was stated that SSIs are particularly suited for
the utilization of local resources and creation of
employment opportunities.
6. Industrial Policy Resolution 1956
• It stated that besides continuing the policy support
to cottage, village and small industries by
differential taxation or direct-subsidies, the aim of
state policy would be that the development of this
sector is integrated with that of large scale
industry.
7. Industrial policy resolution 1977
It emphasize that whatever can be produced by SSIs
must only be so produced. The main thrust of
policy was effective promotion of cottage, village
and small industries widely dispersed in rural areas
and small towns. This thinking specified the
following things:
504 items were reserved for exclusive production
in the small-scale industries.
The concept of District Industries ICs) was
introduced so that in each
district a single agency could meet all the
requirements of SSIs under one roof.
8. Technological up gradation was emphasized in
traditional sector.
Special marketing arrangements through the
provision of services, such as, product
standardization, quality control, market
survey, were laid down.
9. Industrial policy resolution 1980
Investment limit was raised for tiny, small, and
ancillary units to Rs. 2 lacs, Rs. 20 lacs, and Rs. 25
lacs respectively.
Reservation of items and marketing support for
small industries was to continue.
Availability of credit to growing SS units was
continued.
Buffer stocks of critical inputs were to continue.
Agricultural base was to strengthen by providing
preferential treatment to agro- based industries.
10. Stress was reiterated to upgrade technology to
improve competitiveness.
Special emphasis was laid on training of women
and youth under Entrepreneurial Development
Programmed.
Activities of Kadhi and Village Industries
Commission and Khadi and Village Industries
Board were to expand.
11. Industrial policy resolution 1990
It raised the investment ceiling in plant and
machinery for SSIs.
It created central investment subsidy for this sector
in rural and backward areas. Also, assistance was
granted to women entrepreneurs for widening the
entrepreneurial base.
Reservation of items to be produced by SSIs was
increased to 836.
Small Industries Development Bank of India was
established to ensure adequate flow of credit to
SSIs.
12. Industrial policy resolution 1991
SSIs were exempted from licensing for all articles of
manufacture.
The investment limit for tiny enterprises was raised to Rs. 5
lacs irrespective of location.
Equity participation by other industrial undertakings was
permitted up to a limit of 24 percent of shareholding in
SSIs.
Factoring services were to launch to solve the problem of
delayed payments to SSIs.
Priority was accorded to small and tiny units in allocation
of indigenous and raw materials.
Market promotion of products was emphasized through co-
operatives, public institutions and other marketing agencies
and corporations.