Volume : II, Issue : V, May - 2013

Indian Five–Year Plans and Small Scale Industries

Parameshwara, Dr. A. Raghurama

Abstract :

Small Scale Industry (SSI) is recognised by the Government of India as a priority sector, as it paves way for rapid industrialisation. Small industry is a prerequisite for balanced growth of the economy like India. Government of India encourages the development of Small Scale Industry by considering the economic development of the country. SSI promotes production activity, employment generation and export earnings. Government supports the SSIs through various schemes and financial support through various banks and financial institutions. Various committees were formed for the development of SSIs and huge financial support is given in various five year plans. In spite of encouragement and support from the government many SSIs facing the problem of finance and many banks experiencing increase in NPA. Various debt recovery mechanisms must be strengthened and financial support should be given to SSIs by following aggressive assessment methods. This paper includes the gist of five year plans from first five year plan 1951–1956 to twelfth five year plan 2012–2017.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Parameshwara, Dr. A.Raghurama Indian Five-Year Plans and Small Scale Industries International Journal of Scientific Research, Vol.II, Issue.V May 2013

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