Entrepreneurship and Innovative Policies for Financing Small Scale Industries in India: An Empirical Analysis

  • M. H. Bala Subrahmanya
  • Rumki Majumdar
Part of the International Studies in Entrepreneurship book series (ISEN, volume 19)

6.1 Introduction

Small Scale Industries (SSI) play a pivotal role in the employment generation and export promotion strategies, among others, of industrialization in many developed as well as developing countries including India. Considering their unique features, governments in both industrialized and developing countries provide a wide variety of programmes to assist small and medium scale enterprizes (Hallberg, 2000). The primary justifications for the special policy support to SSI are: they have the capacity to produce a large number and variety of goods with relatively low investment, that they offer greater employment opportunities per unit of capital investment as compared to large enterprizes and that the scope for organizing their growth on a decentralized pattern over a large area results in achieving distinct socio-economic advantages such as better and fuller utilization of untapped resources of capital and skill and more equitable distribution of national income. It is...


Commercial Bank Liberalization Period Economic Liberalization Priority Sector Credit Facility 
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Copyright information

© Springer Science + Business Media, LLC 2008

Authors and Affiliations

  • M. H. Bala Subrahmanya
    • 1
  • Rumki Majumdar
    • 1
  1. 1.Department of Management StudiesIndian Institute of ScienceBangaloreIndia

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