Write short notes on District Industry Bank
Answers
The product of industry selling without a mideator is called district industry bank
The industrial Policy 1977 contained the concept of District Industries Centres (DIC). DIC program was initiated on 1st May 1978 as a centrally sponsored scheme. It was a landmark measure in development of cottage and small industries in smaller towns in India. DIC’s were started with a view to provide integrated administrative framework at the district level for industrial promotion.
It is aimed at providing all assistance and support to entrepreneurs in various states. These centres are responsible for effective promotion of cottage and small scale industries at district level. These centres also to provide support facilities, concessions and services to develop tiny, cottage and district industries centres small scale units.