Escolar Documentos
Profissional Documentos
Cultura Documentos
Tiny
Unit
&
Role
of
A very important segment of the Indian economy and has emerged as a Dynamic & Vibrant sector of the economy
This Sector accounts for about 40% of the Countrys Total Exports.
Various Policy Initiatives undertaken by the Central Govt. & Various State Govt. whether by way of Incentives or protection, have helped the sector in acquiring the Status of a Major Contributor in the Growth Process.
SSIs have been assigned to fulfill the expectations of accelerating the productivity of many important areas like agriculture and industry by improving the techniques of production in a
The Process of Liberalization & Economic Reforms, since 1991, while creating Tremendous Opportunities for the Growth of Small Scale Industrial Sector, have however thrown up new Challenges for the Sector.
growth.
Ancillary Units
An Industrial undertaking which is engaged or is proposed to be engaged in the manufacture or production of parts, components, sub-assemblies, tooling or intermediates, or the rendering
These units provide inputs to other industries. These are engaged in the manufacture of parts, components, light engineering products like cycles, sewing machines, diesel engines, machine tools, mathematical instruments, office and household equipment etc.
The ancillary undertaking has to supply or render or propose to supply or render not less than 50% of its production or services, as the case may be, to one or more other industrial undertakings.
The investment in plant and machinery, whether held on ownership terms or on lease or on hire purchase, should not exceed Rs.10 million
Tiny Units
A unit is treated as tiny enterprise where investment in plant and machinery does not exceed Rs. 2.5 million, irrespective of the location of the unit. These units include all industry related services and business enterprises.
Problems of SSI
Inefficient Labour Defective system of supply of Raw materials Absence of credit facility Lack of machinery and equipment Huge number of Bogus small firms
Unsuitable location
Obsolete technology
Poor Recoveries
Entrepreneur is the one who brings together the factors of production and combines them into a product.
The one who recognizes and seizes opportunities, convert these opportunities into marketable ideas, adds value through time ,effort, money or skills, assumes the risk to implement these ideas, and realizes the rewards from these efforts
Entrepreneurship is the process of identifying opportunities in the market place , arranging the resources required to pursue these opportunities and investing the resources to exploit the opportunities for long term gains.
Increasing productivity
Providing employment
Concentration of economic power, regional imbalances, exploitation by monopolists and many other bigger problems can be solved through entrepreneurship development
Entrepreneurs are regarded as the nation builders and wealth creators. They are the