Write about Government support to Small Scale Enterprises during Five Plans.

Steps for development of small-scale and cottage industries were initiated immediately after Independence. That the Government has attracted great importance to the development of the small-scale sector in the successive five-year plans can be had from glancing at the plan outlays for the small sector. In the first five year Plan, Rs. 48 crores ( …

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Write about Incentives Policies at State Level.

Incentives, Subsidies, and Policies at State Level: The State Government formulate their respective policies for the development of industries in general and small-scale industries in particular and also implement the incentive scheme through the District Industries Centre (DIC) and other Departments and Corporation, set up for this purpose. They provide technical and other support services …

What are the different Schemes offered by Central Government for Small-Scale Industries?

There are some that are offered by the Central Government through the Office of the Development Commissioner for the Small-Scale Industries sector and they are as follows: 1. National Manufacturing Competitiveness Program: The Government announced the formulation of National Competitiveness Programme in 2005 with an objective to support the Small and Medium Enterprises (SMEs) in …

Write about Infrastructural Support Schemes to Small-Scale industries.

An adequate infrastructural facility is very important because it contributes to the economic development both by increasing productivity and by providing amenities which will enhance the quality of life and the services which will lead to growth in production. Infrastructure adequacy helps determined success in diversifying production, expanding trade, coping with a supply of various …

Write about Incentive Policy Program.

Government Incentives: The following are the incentives available to the small units: 1. Subsidy relating to Investment: Government has initiated a different scheme of investment subsidy for the benefits of entrepreneurs so that they many be encouraged to establish more and more SSI units. These schemes are capital investment subsidy, transport subsidy, power generations subsidy, …

Write about Central Government Assistance to Small-Scale industries.

The Government of India has been trying to provide incentives to the Small-Scale Industries in order to support their existence. The assistance provided by the Central Government is discussed below.Government Assistance: 1. Technical Assistance: The Technical assistance and guidance are provided by various organizations such as NSIC, through TTC, SIDO, through Small Industries Services Institutes …

What are the Tax Benefits for Small Enterprises?

Small-scale industries are characterized by their small and shy resources/ capital. These make them sensitive. In the beginning, small industries have to incur more expenses, but the returns are either nil or nominal. Therefore, they need to be provided support and assistance to tide over the crucial initial stage to enable them to survive. Hence, …

What are the Objectives of New Industrial Policy 1991?

With the gradual liberalization of the 1956 Industrial policy in the mid-eighties, the tempo of industrial development started picking up. But the industry was still feeling the burden of many controls and regulations. For a faster growth of the industry, it was necessary that even these impediments should be removed. The new government by Shri …

What are the differences between Entrepreneur and Professional Manager?

Entrepreneur and professional managers are the two sides of the coin. Their individual path will make the differences between success and failure for the enterprise. An effective entrepreneurial strategy should be an integral part of an enterprises competitive positioning. The progressive development in the size of business and the separation of ownership and management in …

Write about New Small Enterprises Policy 1991.

The Government of India, for the first time, tabled the new small enterprise policy titled 'Policy Measures for promoting and Strengthening and Supplementing Small, Tiny and Village Enterprises in the Parliament on August 6, 1991. The main thrust of New Small Enterprise Policy is to impart more vitality and growth impetus to the sector to …