ENTREPRENEURSHIP

                Small scale industry
Small scale industries are differentiated from the former by the technique of production. They use modern power driven machines and employ labor as well. The raw materials are also obtained from...

Characteristics of SSIs:

• Capital investment is small and most of them have small number of workers.
• Generally owned by a single or at the most two persons and engaged in production of small goods.
• Most of them are family owned industries.
• Profit margins are less due to competition.
• Generally found in urban or semi-urban areas.   

 Objectives: 

• Creation of employment opportunities.
• Improvement of output,income and better standard of living.
• To encourage enterprenuership and reliance.
• To reduce regional imbalances.

  Scopes:

• Manufacturing activities
• Servicing activities
• Financial activities
• Wholesale,transport,public activities

  Advantages of SSIs:

• SSIs don't require to a high level of technology.
• They do not require large capital.
• The source and capabilities of under employed and unemployed people can be used for productive in a short period.
• The project related to SSIs can be completed in short period and hence can become productive in a short period .
• SSIs can be based on the processing of locally produced raw materials like agriculture goods, forest and mineral resources etc.