SMALL SCALE INDUSTRIES: OPPORTUNITIES AND CHALLENGES

Abstract

In the era of entrepreneurship where there is a cut throat competition everyone wants to set up his own business. Setting up of a large industry require huge capital and risk.  Contribution of MSMEs to the Indian economy in terms of employment generation, containing regional disparities, fostering an even-handed economic process and enhancing the export potential of the country has been quite extraordinary. Despite some infrastructural deficiencies and challenges like the flow of institutional credit and inadequate market linkages, this sector has registered exceptional success with respect to the increase in variety, quantum of investment, scale of production and overall contribution to national gross domestic product. The study makes an effort to specialize in the massive growth potential available for the development of SSI sector, to find out vital problems and challenges.