Question

"Small Scale Industries contribute to the economic development of
the country by producing 40% of the gross industrial value added,
yet they face financial crises all the time." Why do small industries
face financial problems all the time?​

Answer 1

$\large\bf{\underline\red{Good \: Afternoon♡}}$

Why do small industries face financial problems all the time?

➜ Finance is one of the most important problem confronting small scale industries Finance is the life blood of an organisation and no organisation can function proper у in the absence of adequate funds. The scarcity of capital and inadequate availability of credit facilities are the major causes of this problem.

Answer 2

Answer:

• Small scale industries are important because it helps in increasing employment and economic development of India. It improves the growth of the country by increasing urban and rural growth. Small scale manufacturing industries and cottage industries play a very important role in the economic development of India.