small scale industries

1. Smal
l
Scale
Industries

2. Definition of SSI
Small Scale Industries (SSI) are those
industries in which the manufacturing,
production and rendering of services are
done on a small or micro scale. These
industries make a one-time investment in
machinery, plant, and equipment, but it
does not exceed Rs.10 crore and annual
turnover does not exceed Rs.50 crore.

3. Types of SSI
1.Manufacturing
2. Ancillary
3. Service
4. Feeder
5. Mining and quarrying

4. Characteristics of SSI
Ownership
Labor Requirements
Management
Flexible
Optimal Usage of Resources
Operation Restrictions

5. Role of SSI in
Employment
Employment generation
Less Capital Requirement
Use of resources and development
of entrepreneurial skills
Equal income distribution
Maintains regional balance
Short production time
Supporting the large scale
industries
Improvement in Export
Reduce the dependence of
agriculture

6. Challenges Faced by SSI
Finance
Raw Materials
Managerial Skills
Less Productive Labour
Marketing
Quality
Capacity
Sickness
Technology
Global Competition

7. Government Initiatives
programs
These initiatives aim to foster SSI growth
and .
various
Governments worldwide implement
initiatives to support SSI, including
subsidies
tax incentives
access to credit
entrepreneurship development

8. Future Outlook
The future of SSI is promising, with
increasing focus on
sustainable practices
digital transformation
global market access
SSI are expected to play a significant
role in inclusive economic growth and
innovation.

9. Financial Support for SSI
Financial institutions and
provide tailored
financial products such as
, working capital support,
and for SSI. Access to
finance is essential for SSI expansion
and modernization.

10. Innovation in SSI
Innovation is essential for the growth
of SSI. Adoption of ,
product diversification, and
through e-commerce are
key areas of innovation for SSI.
Embracing innovation enhances
competitiveness.

11. Sustainability Practices
in SSI
Sustainability practices, including
,energy
efficiency, and adoption of
, are becoming integral
to SSI operations. Embracing
sustainability not only benefits the
environment but also enhances
.

12. Global Market Access for
SSI
Access to global markets through
, participation in
trade fairs, and leveraging e-
commerce platforms enables SSI to
reach a wider customer base. Global
market access enhances
and growth
prospects for SSI.

13. Importance of Skill Development
Investing in and
vocational training for SSI workers is
crucial for enhancing productivity and
product quality. Skilled workforce
contributes to and
ensures the competitiveness of SSI.

14. Policy Support for SSI
Policy frameworks that facilitate ease
of doing business, provide
, and promote
are essential for the growth
of SSI. Supportive policies create an
enabling environment for SSI
development.

15. In conclusion, Small Scale Industries (SSI) are
integral to economic development, employment
generation, and innovation. With the right
support and initiatives, SSI can contribute
significantly to sustainable and inclusive growth.
Conclusion

16. Thanks!