With in 1-2 lakh how to open small scale industrie?
The production problems include raw material availability, capacity utilization, and storage problems. * The marketing problems arises because of dealing in only one product, cut throat competition, adopting cost oriented method of pricing, lack of advertisement, not branding their products et…c., * The financial problems include investment risks, procurement of loan from banks and their repayment, meeting day to day expenses and the like. * The labour problems include highly demanding employees, absenteeism lack of skilled workers and transportation of workers. * Infrastructure problems also add coal to the fire. Unless and until you have the infrastructure in its place the rest of the efforts are futile. * Personal problems like spending less time with family and for the whole sweat exerted the rewards have not been favorable. ( Full Answer )
A small scale industry is a business or project is created on either a small budget or for a small group of people. For instance if someone starts a laundry service just around their neighbourhood, that is small, not too expensive to start or manage but not too cheap either. Another example is a sma…ll pizzeria or a kiosk or say a moving around with an ice-cream van, these are types of small scale industries. ( Full Answer )
To get loans for small scale industries, first create your businessplan. Then, access banks that offer loans for businesses and shareyour business plan and business model.
Small scale industries face challenges with competing with otherfirms within their industries. Since they can't benefit fromeconomies of scale, they have to find other ways to compete.
The industries which are organised on a small scale and produce goods with the help of small machines,hired labour and power are called as small scale industries
Small scale industries are those which are run in a small place with a small amount of money and with a few workers
Answer . Some rely on demographics and supply-and-demand. This would be local producers or hands-on businesses. The others are mearly niche market contenders in a fluctuating market and are subject to the direct effects of consumer interest.
is that industry which has less amount of workers,no machineryis used,less transport,there are no transformers to do the work,all the work is done by hands e.g embroidery ETC..
All types of small-scale industries found in India whether in manufacturing sector or service sector are divided into five types: 1. Manufacturing Industries: Those units which are producing complete articles for direct consumption and also for processing industries are called as manufacturing ind…ustries. For example : Powerlooms, engineering industries, coin industries, khadi industries, food processing industries etc. 2. Ancillary Industries: The industries which are producing parts and components and rendering services to large industries are called as ancillary industries. 3. Service Industries: Service industries are those which are covering light repair shops necessary to maintain mechanical equipments. These industries are essentially machine- based. 4. Feeder Industries: Feeder industries are those which are specialising in certain types of products and services, e.g. casting, electro-plating, welding, etc. 5. Mining or Quarries. ( Full Answer )
Industries which require small investments and capital are called small scale industries.these industries require less investment and less labours and products are manufactured at less costs.example:package industries
I was searching for the same for quite some time Google returns this result, which seems to be the most promising amongst all, Check out http://india.gov.in/business/start_business/start_business.php
Types of small scale industries in India All types of small-scale industries found in India whether in manufacturing sector or service sector are divided into five types: 1. Manufacturing Industries: Those units which are producing complete articles for direct consumption and also for processi…ng industries are called as manufacturing industries. For example : Powerlooms, engineering industries, coin industries, khadi industries, food processing industries etc. 2. Ancillary Industries: The industries which are producing parts and components and rendering services to large industries are called as ancillary industries. 3. Service Industries: Service industries are those which are covering light repair shops necessary to maintain mechanical equipments. These industries are essentially machine- based. 4. Feeder Industries: Feeder industries are those which are specialising in certain types of products and services, e. . g. casting, electro-plating, welding, etc. 5. Mining or Quarries. The Mining industry in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. ( Full Answer )
An industrial undertaking in which the investment in fixed assets in plant and machinery whether held on ownership terms on lease or on hire purchase does not exceed Rs 10 million. The industries in India which are organised on a small scale and produce goods with the help of small machines, hire…d labour and power, are the small scale industries present in India. ( Full Answer )
Financial constraints, price disadvantages, a lack of marketing and distribution network, and a burden from the government are all disadvantages commonly faced by small-scale industry.
Large scale industries refers to those industries which require huge infrastructure, man power and a have influx of capital assets.Their investment or capital is generally more than 1 crore. Small scale industry means an industry that has capital less than 1 crore. Almost all items can be manufactur…ed in a small scale industry, but there are large scale manufacturing activities like rolling mills, extrusion presses, pilger mills etc., that cost much more. ( Full Answer )
The difference between large scale industries, medium scaleindustries and small scale industries is found in three areas. Itdepends on the number of employees each industry employs, theamount of capital that was invested and the availability of thecompany's assets.
the contribution of small scale industry to the nigeria economy gives room for employment of labour and improvement in the standard of living of her citizens.
A cottage industry is even smaller than a small scale industry. Forexample weaving at home and selling is a cottage industry while asmall scale industry is lesser in technology and capital than alarge scale industry but is bigger than a cottage industry.
Advantages of establishing small scale industries: 1. Employment 2. Meets the demand of local market 3. Gainful Employment to women 4. Less burden on imports 5. Less Capital 6. Less sophisticated technology 7. Good use of raw material
Characteristics of a Small Scale Business A few examples of small-scale businesses include a flea market or shopping mall booth, a consultancy business, or even a computer repair shop that moves into retail space. Small-scale businesses typically consist of one owner and his shop. The business owne…r sells products and/or services supplied by a franchise company or created by the owner himself. This type of business is flexible, which means that the owner can generally set hours at any time to accommodate customers. Startup The initial start-up costs for a small-scale business are usually pretty low, depending on the specific business model and what products/services are being sold. A small-scale business selling retail goods at flea markets will only need require funds to purchase initial inventory and pay for a spot at the flea market. Likewise, the owner of a small business selling homemade goods only needs to worry about purchasing materials to make the goods. Small-scale businesses that offer consultation services, such as tax preparation or nutritional services, also have very low overhead costs. Portability A small-scale business is generally portable, making it easy to set up and tear down. Holiday gift shops that sell candles and novelty items are a perfect example of portability; all that's typically required is empty space at a shopping mall with a small table or booth to display products. Small-scale businesses also need a way to accept payments. Small credit card terminals and portable cash registers are perfect for these needs. Employees Usually very few employees, if any, work for a small-scale business. This type of business may have one or two employees for busy times. Typically, however, such businesses cannot afford to pay wages since a majority of the profits goes back into the business or pays for the owner's personal expenses. As such, owners often staff small-scale businesses themselves, allowing them to keep whatever profits they make. ( Full Answer )
Some of the trades in the small scale industry include weaving,sculpting and tailoring. Landscaping, daycare centers and nannycare jobs also fall in small scale industry.
In Ghana, the small scale industries help to create employment forthe greater population that is semi-skilled. People from theblue-collar industry are able to find a common market for theirgoods because of the small scale industry.
what are the benefits of small scale industries? give me answer for this question in moment plz.............
The industries which are organizedOn a small scale and produce goods with the help of small Machines hired labour and power as small scale industries
Most of the small scale industries are usually privately ownedpartnerships with less than 50 employees. Examples of the smallscale industries includes convenience stores, grocery shops, and alocal food kiosk just but to mention a few.
The introduction of small scale industries has helped in boostingthe economies of most countries. For those people who could notstart large industries, this has served their interests.
Cottage industry or Home industry means the manufacturing of goods at home by hands, with small capital and on a small scale by the members of a family. In the past cottage industries played an important role in the economy of our country. They provided employment to a large number of people. Th…e destruction of the cottage industries is one of the main causes of poverty in our country. In India cottage industries have a more important part to play than any other country. They can help a lot in solving the problem of unemployment and poverty. For more than four months in a year, our cultivators have no work to do. Cottage industries can give the cultivator useful employment during spare time. Cottage industries have some real and practical advantages. They make the best use of woman labour. They make the work joyful and pleasant. There is no corruption and no exploitation of the poor by the rich. In cottage Industries there is no fear of a quarrel between the labour and factory owner. ( Full Answer )
The SSIs are broadly classified into following categories: manufacturing, assembling, processing; services; and repairing and maintenance
Small scale industries have felt the impact of globalization.Because globalization puts everything on such a large scale, smallbusinesses have struggled with things like obtaining credit, andfinding a client base.
CLASSIFICATION OF SMALL SCALE INDUSTRY UNIT 1) Manufacturing Industries Manufacturing industries are those industries producing complete articles for direct consumption and also process industries. 2) Feeder Industries Feeder industries specializing in certain types of products and servic…es. Eg: casting electro-planting, welding etc. 3) Serving Industries Serving industries provides covering light, repair, shops necessary to maintain mechanical services. 4) Ancillary to Large Industries Ancillary to large industries produces parts and components and rendering services. 5) Mining or Quarrying Industries These are the various types of small-scale industrial units. ( Full Answer )
I am also looking for the same if you know any thing please let me know. Regards. B. Satyanarayana Reddy. 9849318155
The advantages of small scale industry in India, can include closersupervision, better employee relationships, and simple managementprocedures. The disadvantages of small scale industry in India caninclude higher production costs, competition problems, and fundingdifficulties.
Advantages of small scale industries are that they can be morepersonable. Small industries are better able to make their ownrules than larger industries. Disadvantages are that they are oftenmore expensive than large industries do have to fight to stayafloat.
Provisional Registration Certificate (PRC) : In order to take steps to set up an industry for a particular product at a particular place, one needs to Register it with the state Government's District or Tehsil Industries Centre (DIC / TIC etc), which issues a Provisional Registration certificate …(PRC).To get the PRC, apply to the DIC etc in prescribed format with a Project Report / Project Profile. A 2 to 3 page project report / profile would suffice if it is a small SSI. It would highlight the background of the entrepreneur, plant & machinery to be bought & its value, details of where the product would sell & at what price, and the sources of funds including term loan, working capital loan, own equity, etc. For large SSI project, details like cash-flow chart will also be needed.The DIC etc will issue the PRC (normally, across the table) if the investment in plant & machinery is within Rs. 1 Crore, the product is not banned, and such an activity is declared as an industry (many services like IT, Hotels, Hospitals are included). The PRC is valid for 3-years, and can be extended if the entrepreneur cites unavoidable circumstances.The PRC is a prerequisite for getting other permissions - permission of local authority to set up the industry, Trade licence, Power, Pollution clearance, clearance of inspector of Boilers, Registration for commercial Taxes (State & Central sales tax) etc. The PRC is also needed for obtaining Term Loan & Working Capital. Permanent Registration Certificate (PMT) Having set up the unit and achieved Trial production, the entrepreneur is expected to take the Permanent registration (PMT). This is also issued by the DIC etc. To get PMT, apply in prescribed format along with copies of PRC, Power sanction, Municipal / Panchayat Licence, First Sale Invoice, Lease or rental agreement, Partnership Deed or Memorandum of Association (in case of limited co.), and a required affidavit. The PMT is normally issued either after inspection or without inspection subject to later verification. http://www.iitk.ac.in/siic/html/startingbusiness/Business3.html ( Full Answer )
Small scale industries are those whose capital investment 1 crore on plant and machinery is called SSI
Globalization allow small businesses to take advantage ofinexpensive labor and lower wholesale costs, like largerbusinesses. A small business can quickly turn into a lucrativeenterprise if managed appropriately.
'_, i think that the small scale industries is very important to our country in order to survive and especially to those people who needs job.. The following are some of the important role played by small- scale industries in India. 1. Employment generation: The basic problem that is confronting… the Indian economy is increasing pressure of population on the land and the need to create massive employment opportunities. This problem is solved to larger extent by small-scale industries because small- scale industries are labour intensive in character. They generate huge number of employment opportunities. Employment generation by this sector has shown a phenomenal growth. It is a powerful tool of job creation. 2. Mobilisation of resources and entrepreneurial skill: Small-scale industries can mobilize a good amount of savings and entrepreneurial skill from rural and semi-urban areas remain untouched from the clutches of large industries and put them into productive use by investing in small-scale units. Small entrepreneurs also improve social welfare of a country by harnessing dormant, previously overlooked talent. Thus, a huge amount of latent resources ;re being mobilised by the small-scale sector for the development of the economy. 3. Equitable distribution of income: Small entrepreneurs stimulate a redistribution of wealth, income and political power within societies in ways that are economically positive and without being politically disruptive. Thus small-scale industries ensures equitable distribution of income and wealth in the Indian society which is largely characterised by more concentration of income and wealth in the organised section keeping unorganised sector undeveloped. This is mainly due to the fact that small industries are widespread as compared to large industries and are having large employment potential. 4. Regional dispersal of industries: There has been massive concentration of industries m a few large cities of different states of Indian union. People migrate from rural and semi urban areas to these highly developed centres in search of employment and sometimes to earn a better living which ultimately leads to many evil consequences of over-crowding, pollution, creation of slums, etc. This problem of Indian economy is better solved by small- scale industries which utilise local resources and brings about dispersion of industries in the various parts of the country thus promotes balanced regional development. 5. Provides opportunities for development of technology: Small-scale industries have tremendous capacity to generate or absorb innovations. They provide ample opportunities for the development of technology and technology in return, creates an environment conducive to the development of small units. The entrepreneurs of small units play a strategic role in commercialising new inventions and products. It also facilitates the transfer of technology from one to the other. As a result, the economy reaps the benefit of improved technology. 6. Indigenisation: Small-scale industries make better use of indigenous organisational and management capabilities by drawing on a pool of entrepreneurial talent that is limited in the early stages of economic development. They provide productive outlets for the enterprising independent people. They also provide a seed bed for entrepreneurial talent and a testing round for new ventures. 7. Promotes exports: Small-scale industries have registered a phenomenal growth in export over the years. The value of exports of products of small-scale industries has increased to Rs. 393 crores in 1973-74 to Rs. 71, 244 crores in 2002-03. This contributes about 35% India's total export. Thus they help in increasing the country's foreign exchange reserves thereby reduces the pressure on country's balance of payment. 8. Supports the growth of large industries: The small-scale industries play an important role in assisting bigger industries and projects so that the planned activity of development work is timely attended. They support the growth of large industries by providing, components, accessories and semi finished goods required by them. In fact, small industries can breath vitality into the life of large industries. 9. Better industrial relations: Better industrial relations between the employer and employees helps in increasing the efficiency of employees and reducing the frequency of industrial disputes. The loss of production and man-days are comparatively less in small- scale industries. There is hardly any strikes and lock out in these industries due to good employee-employer relationship. Of course, increase in number of units, production, employment and exports of small- scale industries over the years are considered essential for the economic growth and development of the country. It is encouraging to mention that the small-scale enterprises accounts for 35% of the gross value of the output in the manufacturing sector, about 80% of the total industrial employment and about 40% of total export of the country. ( Full Answer )
There are many differences between large scale and small scaleindustries. For instance, large scale industries involve manyworkers and large machines while in small scale industries, smallmachines and limited manpower do the work.
they are : paints and varnishes ceramic industry paper ind surgical ind. sports goods ind. garments ind. chemicals and cosmetics automotive and transport food and beverages financial services energy and water pharmaceuticals conglomerate banking sector advertising tobac…co apparel ( Full Answer )
small scale industry:- 1.these industry employ less no. of persons. 2.most of the wok is done by man power and small machines. 3.Raw-material used are less so production also less. 4.they are scattered in rural and urban areas and are in the private sectors e.g.cycle,T.V.radio. large scale ind…ustry:- 1.these industries employ a large no of persons. 2. mostly work is done by machines and laborers. 3.Raw material used is large and production is mass. 4.they are located in urban centers and are in the public sectors and run by big industries. ( Full Answer )
these small scale industries help in increasing GDP of a country as these are mainly situated in backward areas and also provide employment.
Small scale business due to small capital may not last for a long period of time.2.purchasing of the same value of goods.3.financial imbalance.
The most profitable small scale industry will vary from one regionto another. Some of the common small scale businesses that arequite profitable include stationeries, export business, law firms,accounting services and health specialists.
The owner can adjust all of the running of the business quickly without having to wait for authorization from senior members of staff or board members. Disadvantages are that the company may not have much money to buy from reputable suppliers
In a small scale industry only fewer labourers are required. But in a large scale industry more labourers are needed. Another difference is the amount of resources invested in the bisness process.
A cottage industry is a small industrial unit which the owner and his or her family run thamselves
for creating a job for a single person, in any country irrespective of their economic backgrounds government need atleast 0.5million usd to create a permanent job for that person,which is very difficult to implement so government encourage new entreprenuer's to start up small scale industry and give…'s some concession's to it,these small scale industries's depending upon their scale of profit level can give employement and can give a descent salary.these small scale industries contribute to the majority of GDP of a nation. ( Full Answer )
Please clarify: you wish to start a small scale industry? Perhaps you mean, small scale business?
Small scale industries are usually have more labor work, but arevery important. One major thing is they help with creatingemployment.
The industries in India which are organised on a small scale and produce goods with the help of small machines, hired labour and power, are the small scale industries . In India, the investments required should not be more than Rs. 1 Crore for small-scale industry