Question

Discuss the major subsidies and concessions availabe to SSIs

Answer 1

Small Scale Industries play a vital role in the national economy. They help in generating employment with minimum possible investment and play a very vital role in promoting exports. Therefore, the Government has announced various schemes and policies for the promotion of Small Scale Industries to ensure that control over production is widely distributed. As per the present definition, an industry having an investment of up to Rs.1 crore in plant and machinery is defined as Small Scale Industry.!!

Answer 2

Answer:

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Explanation:

The major subsidies and concessions available to SSIs are listed below.

• SSI are given certain discounts upto 15% in purchases of their raw materials and other expenses.
• SSI are also given special exemptions regarding import policies and taxation.
• The government gives supports SSI’s by reserving the production of some defined items to them
• Similarly government also supports SSI’s by giving loans to them on very nominal interest rates.