Growth and Development of Small Scale Industries in India

Small-scale industries play very important role in the economic development of any less developed or under-developed country. These industries meet the twin needs viz. solution of unemployment problem and checking the economic concentration in the hands of a few. These industries encourage self-sufficiency, self reliance and co-ordination. They provide beneficial re-allocation of available resources and their proper utilisation. They help to eradicate poverty in the rural sector. These industries entail equitable distribution of national income and ensure a harmoniously balanced, integrated and egalitarian socio-economic order in the country. The government of India has implemented different policies for the growth and development of smallscale industries. Different measures have been taken by the government through different five year plans to develop and strengthen the small scale industries.