Abstract
Purpose: Small-Scale Industries (SSI) are critical to economic development, particularly in developing countries. SSI provide nearly forty percent of the gross industrial value added to the Indian economy. It is interesting to know the performance and status of small-scale industries by using data from the Ministry of Micro, Small, and Medium Enterprises (MSME) and analysing the SSI's strengths, weaknesses, threats, and opportunities. Objective: This research aims to analyse the scheme introduced by the Government to improve the SSI output. Methodology: For the study, we considered various articles, websites and tabular presentations. Result: According to the study, government schemes and policies contribute to promoting SSI growth in India. SSI provides a more significant contribution to the country's export, and it creates more employment opportunities for youth. Originality/value: The study determined the efficiency of small-scale industries in terms of unit establishment, production, job creation and export and also learned about some special government facilities provided through various schemes and programmes to address issues or problems and promote SSI's growth and development. Paper type: Research Case Study.
Highlights
In India's economy, small and medium businesses play a critical role
For the study, we considered various articles, websites and tabular presentations
It accounts for about 40% of the gross industrial value added to the Indian economy
Summary
Based on the amount of capital invested in equipment, MSMEs in the service sector have been categorised as micro, small, and medium industries, as follows. 6. IMPORTANCE OF SMALL-SCALE INDUSTRY IN INDIA : The tiny sector (SSI) in India is privileged because of its accomplishments in the country's socioeconomic growth. IMPORTANCE OF SMALL-SCALE INDUSTRY IN INDIA : The tiny sector (SSI) in India is privileged because of its accomplishments in the country's socioeconomic growth Their contributions are highlighted in the following points. Small-scale enterprises, after agriculture, are the second-largest employers of human resources They generate a more significant number of job opportunities per unit of capital invested than large industries. All India survey of SSI, the small-scale industry contributes to the country's number of businesses, jobs, and output. Small-scale industries face challenges due to a lack of skilled labour in the rural sector [8]
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Case Studies in Business, IT, and Education
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
