Future of Small Scale Industries in India

The growth of small scale industries in India are dependent on the following factor which are give below-:

Registration for SSI has a number of advantages

They will be  entitled to take advantage of different incentives, tax rebates, and relaxations because your small scale business has been registered.

Banking and financial organisations may be able to provide you with a loan under one of the specified loan programmes for small enterprises. You are also entitled to compete in numerous government tenders.

These are some of the advantages:

1.Automatic loans with no collateral are available to registered small scale industries for the acquisition of raw materials, the payment of operational liabilities, or the restarting of the firm.

2 Global tenders are prohibited to generate possibilities for local enterprises, with a focus on the Atma Nirbhar programme, a federal government initiative to improve manufactured in India products.

Govt Policies For Small Scale Industries

The government has a number of programmes in place to assist small businesses. These schemes are listed below-:

Other credit support schemes, such as the Prime Minister’s Employment Generation Program

The PMEGP scheme (Prime Minister’s Job Generation Programme) aims to increase employment opportunities in small businesses. Various credit support programmes, such as CGTMSE and CLCSS, are in place to assist small businesses with funding issues.

The Finance Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was established to help small businesses get institutional credit. For more information.

CLCSS, or Credit Linked Capital Subsidy Scheme, is a credit extension for small-scale industry technology upgrades that provides a 15% upfront capital subsidy for institutional funding up to Rs. 1 crore.

This programme includes a number of different schemes, including:

1.MPDA is a non-profit organisation dedicated to (Market Promotion & Development Scheme)

Under this initiative, the government assumes the majority of the cost of establishing marketing complexes/khadi plazas to aid in the expansion of the Khadi and Gram product.

2.SFURTI  (Revamped Scheme of Fund for Regeneration of Traditional Industries)

A programme designed to keep traditional industry workers and craftspeople employed in rural businesses.

3.Upgrading technology and obtaining quality certification

The following are some of the schemes that are part of this programme:

4.Small businesses might receive financial assistance in obtaining ZED certification.

The goal of this project is to support the Make in India mission while achieving zero faults through the use of Zero Defect & Zero Effect concepts and practices.

5.ASPIRATION (A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship)

This programme aims to increase job creation, decrease unemployment, and promote entrepreneurship.

6. NMCP is a non-profit organisation that promotes (National Manufacturing Competitiveness Programme)

This plan encourages:

a.Subsidy on capital investment for a technology update that is connected to credit.

b.On the marketing front, encourage the use of lean manufacturing techniques.

c.Assistance with design for small businesses

d.Support for quality improvement

e.Entrepreneurship and management development incubation programmes.

Schemes for Small Scale Industries  marketing promotion by Govt of India

The following are some of the schemes included in this programme:

• Cooperation between nations

This programme organises delegations to other nations to investigate technological advancements and facilitate buyer-seller meetings in other countries.

• Scheme for Marketing Assistance

This programme enables the organisation of international exhibitions, campaigns, and other promotional initiatives.

• P&M Services (Procurement and Marketing Support Scheme)

This programme aims to improve domestic markets while also seeking new market access.

• Program for entrepreneurship and skill development

Among the different strategies covered by this programme are the following:

• ESDP (European Security and Defence Policy) (Entrepreneurship Skill Development Programme)

This programme seeks to help young people who want to start small businesses enhance their entrepreneurial skills.

• ATI is an acronym for Advanced Technology Institute (Assistance to Training Institutions)

This programme provides capital grants to national training institutes that operate skill development and training workshops for long-term skill development.

• Programme for Infrastructure Development

MSE-CDP is one of the programmes included in this programme (Micro & Small Enterprises Cluster Development). This programme provides financial assistance for the construction of shared facility centres that can be utilised for research and development or testing, hence bolstering infrastructure for small businesses.

Small-scale enterprise administrative bodies

Several administrative entities emerge over time to aid in the sustainability and encouragement of small and medium-sized businesses. The Ministry of Small and Medium-Scale Enterprises oversaw all of them. Here is a list of some of these government administrative bodies.

National Small Industries Corporation Limited (NSIC) National Institute for Micro, Small and Medium Enterprises Office of Development Commissioner (MSME) Khadi Village Industries Commission (KVIC) Coir Board National Small Industries Corporation Limited (NSIC) National Institute for Micro, Small and Medium Enterprises (NIMSME)

Conclusion

As we conclude from the above topic that  the ease of doing business has improved significantly as a result of programmes such as Make in India. The best part is that registering your business online is completely free. Furthermore, it is now a paperless process. India has a diverse range of small-scale enterprise.