Small Scale Industries

Introduction to Small Scale Industries,importance, objectives, advantages, disadvantages and conclusion

1. SMALL SCALE INDUSTRIES

2. INTRODUCTION TO SSI Meaning: These are the industrial undertakings having fixed investment in plant and machinery, whether held on lease basis or hire purchase basis not exceeding Rs. 1 Crore. Small scale industries (SSIs) also known as MSMEs which are defined & categorized in Micro, Small & Medium Enterprises Development Act, 2006.

3. IMPORATANCE OF SSI: Customized Products Employment to local people Creation of jobs Partner in nation building .

4. OBJECTIVES OF SSI : To create more employment opportunities.. To remove economic backwardness . To make use of unexploited resources of the country. To improve standard of living of people. To ensure equitable distribution of income and wealth. To solve unemployment problem. To adopt latest technology.

5. ADVANTAGES OF SSI: Close supervision More employment Direct relation between the workers and the employers Easy management Freedom of work Direct relation between the customers and the products Less possibilities of strikes and lockouts.

6. DISADVANTAGES: High cost of production Less use of machines Lack of division of labor Difficulty in getting loans Wastage of by-products.

7. CONCLUSION: Finally I would like to conclude that more and more SSIs should be set up so that each and every person gets a job (from a farmer to an unemployed or highly qualified person) and by doing this we can reduce unemployment problem in the country.