Indian History

Small Scale Industries-Characteristics

a. Ownership is with one individual
b. Owner is actively involved in all the decisions concerning business.
c. Operations are generally localized catering to the local or regional demand.
d. They are labour intensive.
e. Gestation period is less when compared to large scale units.
f. They are more flexible to adopt changes like new method of production.
g. Use of local resources.
Small Scale Industries-Role
a. Small Scale Industries Generate Employment Opportunites.
b. Enhance mobilization of resources and entrepreneurial skill.
c. Facilitate equitable distribution of income.
d. Regional dispersal of industries.
e. Provide opportunities for development of technology
f. Utilize indigenous organizational and management capabilities.
g. Promote exports.
h. Support the growth of large industries.
i. Maintain better industrial relations.