Small-scale Sector

Abstract

Over the last three decades, planned economic development in our country has taken place under certain severe constraints. The more important of these constraints are: inadequacy of resources including capital, equipment, technology, skills, etc., high growth rate of population, and adverse land-man ratio. Besides, the establishment of basic and heavy producer goods industries, which is an essential pre-requisite for laying the foundation of rapid industrialisation, economic growth involves a heavy strain on limited resources of capital and skills and provides limited employment opportunities. It is in the context of these constraints that great emphasis has been placed, all along, in our industrial policy statements and programmes for the promotion and development of small industries which not only make less demand on scarce capital resources but also create much larger opportunities for employment, including self-employment.