Small scale industries are boon or a bain
Answers
Answer:
What do companies like Infosys, HCL, Suzlon, Biocon, Future Group and Café Coffee Day have in common? Well, they all have been founded by existing first-generation entrepreneurs. They all rose to the pinnacles of their respective fields through sheer grits of their founders and co-founders, who are often seen as role models by wannabe entrepreneurs.
The founders of these companies, which are large today but started off small decades ago, also have one more thing in common. Most of them were well-educated professionals in their own right and their enterprises were, in one way or the other, business-world applications of their skills and acumens. Their exposure to formal education and the avenues that it opens up, arguably, also equipped them to make the most of the incentives that were available for the SMEs (in cases where applicable).
Not all MSMEs may, however, have the ‘founder advantage’ that some of these yesteryear counterparts of theirs would have had. And that is where programs like Make in India help
Small scale industries- boon or bane.
Explanation:
Small scale industries are those forms of livelihood/ industries that emerge from the small villages. Rural areas are mostly the center-point for these type of industry. The capital and the manpower involved is much lesser to those of the bigger industries in the cities.
Small scale industries are a boon to the society as a whole as they are the ones providing employment and survival chances for even poor villagers who had no chance of making it in the big cities. They provide a form of stability and source of income to the employees, even if they are not capable of moving into the cities to get work.
Moreover, small scale industries are also a means of resources and sometimes even are sources for the big industries. The raw materials for these small scale industries can be easily found in the villages itself, and there is no need for big machines or even complicated technology to be used.
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