PROGRAMMES AND SCHEMES FOR PROMOTING SSI SECTOR

The government has introduced various policies and incentives for promotion of SSIs. The significant rise in the number of SSIs reflects that, it has been comparatively easier to establish a small enterprise as it requires a less amount of investment both in fixed and flexible capital assets. The small enterprises are growing at a much faster rate and thereby creating potentials for output, employment and exports. The scope for their growth has been enhanced greatly due to the adoption of more liberalized policy measures.

➢ Reservation of Items for SSIs
➢ Vendor Development Programs
➢ Subsidies
➢ Incentives in Operations
➢ Assistance Program Credit Guarantee Scheme
➢ Market Development Assistance Scheme
➢ Laghu Udyami Credit Card (LUCC) Scheme
➢ Trade Related Entrepreneurship Assistance & Development for Women (TREAD)
➢ Sub-Contracting Exchange for Ancillary Development
➢ ISO-9000 Certification Reimbursement Scheme
➢ Participation in International Fairs
➢ Integrated Infrastructure Development (IID Scheme)
➢ National Entrepreneurship Development Board (NEDB)
➢ Composite Term Loan Scheme

INSTITUTIONAL SUPPORT FOR SMALL SCALE INDUSTRIES – At the National Level:

Constant support to SSI sector by the Government in terms of infrastructure development, fiscal and monetary policies have helped this sector to emerge as dynamic and vibrant sector of Indian economy.

➢ Small Industries Development Organization (SIDO)
➢ National Small Industries Corporation (NSIC)
➢ National Institute of Small Industry Extension Training (NISIET)
➢ National Institute for Entrepreneurship & Small Business Development (NIESBUD)
➢ National Research Development Corporation (NRDC)
➢ Small Industrial Bank of India (SIDBI)
➢ Small Industries Development Bank of India (Mainly through refinance)
➢ National Bank for Agriculture & Rural Development
➢ National Small Industries Corporation
➢ Khadi & Village Industries Commission (KVIC)
➢ Nationalized Banks
➢ Development Commissioner, Small Scale Industries (DCSSI)

Small Industries Development Organization (S.I.D.O.)

Most of the programmes and schemes of the Ministry of Small Scale Industries for the development of micro, small and medium enterprises are implemented through Small Industries Development Organization. SIDO an attached Office of the Ministry of Small Scale Industries is headed by an Additional Secretary & Development Commissioner(Small Scale Industries).

National Small Industries Corporation (NSIC) Ltd.

It was established in1955 by the GoI with a view to promote, aid and foster the growth of small industries in the country.

Small Industries Development Bank of India (SIDBI)

It is an apex bank set up to provide direct/indirect financial assistance under different schemes to meet credit needs of the small-scale sector and to coordinate the functions of other institutions in similar activities.

The National Research Development Corporation (NRDC)

The NRDC was established in India in 1953 to help develop and promote technologies developed at various national R&D institutions.

Khadi& Village Industries Commission (KVIC)

Established under the Khadi and Village Industries Commission Act, 1956, is a statutory organization engaged in promoting and developing Khadi and Village Industries for providing employment opportunities in rural areas, thereby strengthening the rural economy. It also helps in generating sustainable rural nonfarm employment opportunities.

INSTITUTIONAL SUPPORT FOR SMALL SCALE INDUSTRIES – At the State Level:

1. State Financial Corporation’s (SFCs)
2. State Industrial Development Corporation (SIDCs) – Infrastructure/Finance
3. State Cooperatives Banks
4. Khadi& Village Industries Board

INSTITUTIONAL SUPPORT FOR SMALL SCALE INDUSTRIES – At Regional & District Level:

1. Regional Rural Banks (RRBs)
2. District Central Cooperative Banks
3. Primary Cooperative Banks
4. Branches of State level institutions & nationalized banks about 65,000 in number
5. Khadi& Village Industries Commission
6. District Industries Center (DIC