Small Scale Industries and Factors Affecting their Performance in Indian Context: A Literature Review

Abstract

Small-scale Industries are the means through which accelerated economic growth and rapid industrialization have been achieved (Harris and Gibson, 2006; Sauser, 2005; Eeden et aL, 2004; Arinaitwe, 2006; Kiggundu, 2002; Yusuf and Schindehutte, 2000; Monk, 2000; Goedhuysand Sleuwaegen, 2000; Birch, 1981,1987). Since independence there is a rapid grow th of the small-scale industrial sector which plays an important role in Indian economy. [...]the various industrial policies provided guidelines for industrial development and government started incentive and concessions to the potential entrepreneurs to establish industries to remove the regional imbalance in the development. First part is focusing on understanding of small scale industries, second part deals with growth of MSMEand MSME finance, third part deals with causes of failure and problems of small scale industries and finally fourth part of review deals with the factors affecting performance of small scale industries and last fifth part deals with future plan for small scale industries. According to the drier minister, land acquisition would not be serious problems for investors as nearly 20,000 hectare has already been acquired.