Give any four features of small scale industries.
Download our app for free and get started
- Small Scale Industries (SSI) are an industrial unit with the maximum investment allowed of rup cxees one crore.
- SSI are considered to be more labour-intensive so they generate more employment.
- SSI cannot compete with large industrial firms.
- SSI were given special concessions like lower rate of interest on loans and lower excise duty, etc.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View Solution"Most public undertakings have outlived their usefulness". Discuss.
- 2View SolutionGive two merits and demerits of mixed economic system.
- 3View SolutionExplain the progress made in international trade after Independence.
- 4View SolutionWrite the importance of subsidies in relevance to Indian farmers.
- 5View SolutionExplain the policy of 'land to the tiller' and its benefits.
- 6View SolutionWhy are the small scale and cottage industries important in the development of Indian economy?
- 7View SolutionWhy and how was private sector regulated under the IPR 1956?
- 8View SolutionWhy was there a need for reform of economic policy in 1990? Explain.
- 9View SolutionEnumerate the various problems faced by SSls.
- 10View SolutionWhy was public sector given a leading role in industrial development during the planning period?