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.
