Question

Discuss the major subsidies and concessions

available to SSIs.​

Answer 1

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

Answer 2

SSIs or Small scale industries are those types of industries where the production, development, and manufacturing of products are done on a small scale.

Explanation:

• Since it is a small industry, the government supports them by providing loans on a nominal interest rate.
• Small scale industries are also given special exceptions by the government regarding taxation policies, tariffs, and import regulations.
• Similarly, small scale industries are also given a discount of up to 15 percent in the purchase of raw materials and other production expenses.

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Small scale industries

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