Small Scale Industry: Causes and Remedies

A

Research paper

On

“Sickness in Small Scale Industries: Causes and Remedies”

In

National Seminar

On

Marketing Strategies for the Development of Small Scale Industries

(Under the aegis of ICSSR)

Submitted by-

Richa Gupta

Dr. Virendra Swarup Institute of Computer Studies

Saket nagar , Kanpur

What is Small scale Industries

Small Scale Industries may sound small but actually plays a very important part in the overall growth of an economy. Small Scale Industries can be characterized by the unique feature of labor intensiveness. The total number of people employed in this industry has been calculated to be near about one crore and ninety lakhs in India,the main proponents of Small scale industry

The importance of this industry increases manifold due to the immense employment generating potential. The countries which are characterized by acute unemployment problem especially put emphasis on the model of Small Scale Industries. It has been observed that India along with the countries in the Indian continent have gone long strides in this field. 

Advantages associated with Small Scale Industries

• This industry is especially specialized in the production of consumer commodities.

• Small scale industries can be characterized with the special feature of adopting the labor intensive approach for commodity production. As these industries lack capital, so they utilize the labor power for the production of goods. The main advantage of such a process lies in the absorption of the surplus...