Question

Explain the role of small scale industries in the socio economic development of our country.

Answer 1

Answer:

1. SSI uses labour intensive techniques. Hence, it provides employment opportunities to a large number of people. Thus, it reduces the unemployment problem to a great extent.

2. SSI provides employment to artisans, technically qualified persons and professionals. It also provides employment opportunities to people engaged in traditional arts in India.

3. SSI accounts for employment of people in rural sector and unorganized sector.

4. It provides employment to skilled and unskilled people in India.

5. The employment capital ratio is high for the SSI.

Explanation:

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