Project on Raw Material Assistance Scheme to Small Scale Industry
Project on Raw Material Assistance Scheme to Small Scale Industry Abstract The fast development of the small industrial sector in India has been a major aspect of the Indian economy since independence. The small sector was given priority in the Industrial Policy Resolutions of 1948 and 1956. With minimal capital investment, this position plays a unique role in generating new employment. Small and Medium Businesses Because of this, businesses play a critical part in our country's socioeconomic growth. Their intrinsic advantages include a minimal capital need, a high employment creation rate, and a cheap cost of capital decentralisation of economic activity, use of locally accessible resources, and expansion of market opportunities a foundation for entrepreneurship Despite a slew of governmental initiatives over the last four decades, India's small-scale businesses have thrived remained mainly small, technologically inferior, and competitively weak. Small scale manufacturing ente...