Small scale enterprises have been given an important place in the
framework of the Indian economy since independence. The SSI sector
units account for 95 per cent of the country's total number of
industrial units, 40 percent of the output of the
whollmanufacturing sector, 35 per cent of the country's total
export and provide employment opportunities to around 17 million
people.Nearly 8000 products are being manufactured by this
sector.Finance is the important driving force and ingredient for
the development of Small Scale Industries.Industrial development
can be accelerated. The participation of new entrepreneurs in
economic activities depends upon the sources of and access to the
funds on reasonable terms and conditions. The financial sources for
small scale industries may be broadly categorized into two types
viz., fixed capital or long term capital and working capital or
short term capital. One of the major problems of small scale
industrial sector, is non-availability of adequate funds at
reasonable rates and conditions. The credit institutions need to
overhaul and strengthen the follow-up and supervisory machinery at
the branch level.
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