three features of small scale
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1)Lower Revenue and Profitability.
2)Smaller Teams of Employees.
3)Small Market Area.
brprasadlic:
And also
★ limited capital turnover ★ low selling price ★ personal contact with all
customers
customers
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hi
Small scale industries (SSI) are those industries in which manufacturing, providing services, productions are done on small scale or micro scale. For example, these are the ideas of Small scale industries: Napkins, tissues, chocolates, toothpick, water bottles, small toys, papers, pens. Small scale industries play an important role in social and economic development of India. These industries do a one-time investment in machinery, plants, and industries which could be on an ownership basis, hire purchase or lease basis. But it does not exceed Rs. 1 Crore.
Essentially small scale industries comprise of small enterprises who manufacture goods or services with the help of relatively smaller machines and a few workers and employees. Basically, the enterprise must fall under the guidelines set by the Government of India. At the time being such limits are as follows,
For Manufacturing Units for Goods: Investment in plant and machinery must be between 25 lakhs and five crores.
For Service Providers: Investment in machinery must be between 10 lakhs and two crores.
In developing countries like India, these small scale industries are the lifeline of the economy. These are generally labor-intensive industries, so they create much employment. They also help with per capita income and resource utilization in the economy. They are a very important sector of the economy from a financial and social point of view.
Characteristics of Small Scale Industries
Ownership: Such units are generally under single ownership. So it is a sole proprietorship or sometimes a partnership.
Management: Both the management and the control generally is with the owner/owners. So the owner is actively involved with the daily running of the business.
Limited Reach: Small scale industries have a restricted area of operations. So they meet local and regional demand.
Labor Intensive: These small scale industries tend to use labor and manpower for their production activities. So their dependence on technology is pretty limited.
Flexibility: These units are more adaptable to their changing business environment. So in case of sudden changes or unexpected developments, they are flexible enough to adapt and keep carrying on. Large industries do not have this advantage.
Resources: They use local and readily available resources. This also helps the economy with better utilization of natural resources and less wastage.
Small scale industries (SSI) are those industries in which manufacturing, providing services, productions are done on small scale or micro scale. For example, these are the ideas of Small scale industries: Napkins, tissues, chocolates, toothpick, water bottles, small toys, papers, pens. Small scale industries play an important role in social and economic development of India. These industries do a one-time investment in machinery, plants, and industries which could be on an ownership basis, hire purchase or lease basis. But it does not exceed Rs. 1 Crore.
Essentially small scale industries comprise of small enterprises who manufacture goods or services with the help of relatively smaller machines and a few workers and employees. Basically, the enterprise must fall under the guidelines set by the Government of India. At the time being such limits are as follows,
For Manufacturing Units for Goods: Investment in plant and machinery must be between 25 lakhs and five crores.
For Service Providers: Investment in machinery must be between 10 lakhs and two crores.
In developing countries like India, these small scale industries are the lifeline of the economy. These are generally labor-intensive industries, so they create much employment. They also help with per capita income and resource utilization in the economy. They are a very important sector of the economy from a financial and social point of view.
Characteristics of Small Scale Industries
Ownership: Such units are generally under single ownership. So it is a sole proprietorship or sometimes a partnership.
Management: Both the management and the control generally is with the owner/owners. So the owner is actively involved with the daily running of the business.
Limited Reach: Small scale industries have a restricted area of operations. So they meet local and regional demand.
Labor Intensive: These small scale industries tend to use labor and manpower for their production activities. So their dependence on technology is pretty limited.
Flexibility: These units are more adaptable to their changing business environment. So in case of sudden changes or unexpected developments, they are flexible enough to adapt and keep carrying on. Large industries do not have this advantage.
Resources: They use local and readily available resources. This also helps the economy with better utilization of natural resources and less wastage.
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