District Industrial Centre

The central government sets up the DICs or district industries centres, which is the leading sector scheme. They look after all the industry-related matters in a district in the most accessible terms. district industries centers are located in almost every central district across the country. These DICs give out schemes for attracting small businesses, like the district industry center loan scheme. 

Some functions of district industries centre are identifying suitable schemes, arranging for credit, preparing feasibility reports, etc. The study of district industries centre is done to understand the working and concepts of small business. District industries centre play a major role in the growth of small businesses.

District Industries Centers

They are called as DICs in short and are crucial for small businesses. The central government launched it on 1st May 1978. They were set up to provide an integrated administrative framework at the district level as the district industries are located in districts. This integrated organisational framework will help look into the problems of industrialization in a district in a composite manner. 

There are some roles and functions of the district industry centre which is beneficial for small businesses. They provide all the necessary services and support to help entrepreneurs set up micro, small, and medium enterprises called MSMEs.

Need for District Industries Centers

The central government felt the need for the district industries centres when the country’s economy started plateauing, and there was a need to revive it. Another reason for setting up these DICs is to shift the focus from agriculture to industries. Industrialization makes a country develop. Superpowers of the world are industrial countries. 

Therefore, the centre decided to set up these district industries centres with the defined functions of district industries to accelerate the establishment and provide help to developing industries of a district. As it is a central scheme, it is completely funded by the central government. There are some schemes like district industries centre loan scheme, Prime Minister’s employment guarantee program, etc., which are given out by the DICs that help fulfil the goals of establishing district industries centres.

Role of District Industries Centers

The district industries centre help in the promotion of industries in their states. These district industries centres have played a crucial role in penetrating a district’s industrial problems and solutions. The district industries centres have assisted with the programs and schemes launched to expedite the district’s new and old industries. It also plays a role as a single-window clearance system. They have promoted the establishment of industries in rural areas and created employment opportunities for both rural and urban people.

Functions of District Industries Centre

• Identification of suitable schemes: this is one of the main functions of the district industries centre as schemes are beneficial in attracting people to set up industries. Schemes like district industries centre loan scheme, Prime Minister’s employment guarantee program, etc., encourage entrepreneurs.

• Preparing feasibility reports: The techno-economic feasibility reports that the district industries centres prepare are reports which analyze the performance of a product, industrial processes, or services that are needed to improve certain areas in the industry.

• Arranging for credit: You need some capital to set up an industry and keep it working. This lump sum amount is not present with every entrepreneur. Therefore, arranging for ways to acquire credit becomes one of the main functions of the district industries centre.

• Preparation of industrial profile: This report helps identify the advantages and disadvantages of setting up an industry in the district. It also checks the availability of infrastructure and raw materials required for the industry.

• Guidance and advice to entrepreneurs: Providing knowledge of existing opportunities helps entrepreneurs. It helps in the industrialization of the district and generates employment opportunities.

• The focal point of industrialization: The district industries centre acts as a focal point as they provide clearances and licenses, facilitate loans, grant awards, etc. 

Conclusion 

Now you must have understood the concept of district industries centre, which is a very important central sector scheme to aid and expedite the process of industrialization in every district. The functions of the district industries centre and its roles are very important to cover in your business studies. The need for district industries centre became important to shift the economy’s focus from agriculture-based to industry-based. 

The functioning of the district industries centre is important as it aids small businesses, cottage industries, and micro, small, and medium enterprises. Small businesses are part of our economy, and their development will directly result in economic growth.