Financial assistance for small scale industries

Small business financial assistance - National and state level institutions operating in the country for meeting the credit requirements of the ssis sector include small industries development bank of india, commercial banks, regional rural banks, co-operative banks (state, central and primary), state financial corporations/state industrial investment corporations, state small industries development corporation, national bank for agriculture and rural development, statutory bodies (kvic, coir board, handloom board and handicraft boards), national small industries corporations limited and the like in theni district there are several financial institutions and commercial banks which provide all sorts of financial assistance to the ssi units. George verghese [7] in his paper “leading issues in credit flow to ssis sector is finance for small enterprise in india” stated that focus on the limited impact of polices on the ssis sector in india was mainly due to the isolated treatment accorded to the ssis sector, the ssis sector needs a renewed thrust enhancing credit flow by drastically improving the problem areas of administration personal, entrepreneurial development and infrastructure in dispensation of credit. Different national and state level institutions operating in the country for meeting the credit requirements of the ssis sector include small industries development bank of india, commercial banks, regional rural banks, co-operative banks (state, central and primary), state financial corporations/ state industrial investment corporations, state small industries development corporation, national bank for agriculture and rural development, statutory bodies (kvic, coir board, handloom board and handicraft boards), national small industries corporations limited and the like. Further, it also provides assistance to small scale industries by taking orders from government of india owned enterprises and procures these machineries from ssi units registered with them, thus providing a complete assistance right from financing, training, providing raw materials for manufacturing and marketing of finished products of small scale industries, which would otherwise not be able to survive in face of competition from large and big business conglomerates.

Institutional Assistance for small scale industries in India (Entrepreneurship)

In this lecture we are going to learn about Institutional Assistance for small scale industries in India.