Finals Flashcards
In view of abundant labour and scarce capital resources, the most important argument in favor of the SSI’s that have a potential to create immediate large scale employment in favor of the SSI’s that have a potential to create immeditae large scale employment opportunities
Employment Argument
An important argument in favor of small-scale industries is that they ensure a more equitable distribution of national income and wealth
Equality Argument
Big industries are connected every where in urban areas, but small industries can be locate din rural or semi-urban areas to use local resources and cater to the local demands
Decentralization Argument
Small enterprises are capable of mapping up latent and unutilized resources like hoarded wealth and ideal entrepreneurial ability etc.
Latent resource argument
Role of SSI in Economic Developemnt
- Employment
- Optimization of Capital
- Balanced Regional Developemnt
- Mobilization of Local Resources
- Export Promotion
- Consumer Surplus
- Feeder to Large Scale Industries
- Social Advantage
- Share in Industrial Production
- Developement of Entrepreneurship
This IPR was announced during June 1990. Its basic aim is to introduce measures of economic liberalization and simplified rules and procedures with a view to enhancing the technological base of industry and accomplishing higher levels of output. It gave a special emphasis on the SSI/SSE sector where employmentopportunities are likely to be high. In orderto enable the SSI units toupdate their technology the investment limit of SSI has been raised to Rs. 60lakhs
IPR 1990
This IPR re-emphasized the spirit of the IPR 1956 with its strategy of large scale , high trchnology and heavy investment based key or basic industy. Nevertheless the SSI sector remained as perhaps teh best sector for generating wage and self-employment based opportunities in India.
IPR 1980
The next IPR was announced after a lapse of two decades
IPR 1977
Teh second IPR was announced against the background of a bolder Second Five Year Plan, with long term strategy for industrial and economic developemnt
IPR 1956
SSI SECTOR meant mainly rural industrial units, small job-sum-repair shops, units amking agricultural implements, a few urban small units and handloom units weaving clothe
IPR 1948
