Learning Goal: I’m working on a economics writing question and need the explanation and answer to help me learn.
SMALL SCALE INDUSTRIES
The small scale industries are the industries with the investment of 5lakhs in 1950 and one crores in recent years.
For the development of small scale industry the one month appointed A committee named KARVEY COMMITTEE..
Importance of small scale industries:
*small scale industries required less capital investment.
* small scale industries create more job opportunity.
* small scale industries are labour intensive
* small scale industries use small scale industries use local resources are raw material.
DRAWBACK OF SMALL SCALE INDUSTRY :
* the subsidy and tax rebate given to the small scale factor increase the financial burden of the government.
* over protection to small scale industry adversely affected large scale industry.
* small scale industries suffered power shortage because of many small scale industries are started in backward area.
