Question

"Small-Scale Industries require a shield against large-scale industries."

Answer 1

In light of the above statement, the government has taken the following steps to protect and promote small-scale industries (SSIs):

• Reservation Policy: Certain products were reserved exclusively for production by SSIs to protect them from competition with large-scale units.
• Financial Support: Priority sector lending by banks and financial institutions provided easy credit to SSIs.
• Infrastructure Assistance: Establishment of industrial estates and provision of common facilities.
• Skill and Technology Development: Government offered training and technology upgradation programs for improving productivity and competitiveness.
• Marketing Assistance: Marketing support was extended through exhibitions, trade fairs, and government procurement.