The small scale enterprise sector is a
and vibrant segment of the Indian
Economy. This sector is the nursery for the development of entrepreneurial talent and
into an important component of the production chain. In -
- (those, BOTH, all, another) developed and developing countries, the Government
to small and medium scale industries and entrepreneurs,
economic development and a veritable means of solving problems. It
is a seedbed of innovations, inventions and employment.
Answers
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. Role of Small and medium scale enterprises are to help the government in increasing infrastructures and manufacturing industries, reducing issues like pollution, slums, poverty, and many development acts. Small scale manufacturing industries and cottage industries play a very important role in the economic development of India. If any amount of capital is invested in small scale industries it will help in reducing unemployment in India and increasing self-employment. The industry is a sector in which the production of goods is a segment of the economy. Let us learn more about the importance of Small scale industries and how SSI helps in developing the country.