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Indian Small Scale Industry: The Changing Perception

Small industry has been chosen as an instrument for smoothening transistion from traditional and labour-intensive, agrarian economy to modern capital intensive industrial economy in order to achieve broadbased entrepreneurial growth, create antidote to monopoly and monopolistic practices, and solve the problems of unemployment and under-employment. Consequently for the promotion and development of small industry, incentives have been provided, concessions have been offered, development agencies have been set up and heavy funds have been deployed directly and indirectly by the banks, financial institutions and state and central governments.