Question
Discuss the Government policy for promoting Small - Scale Industries in India.
Answer :
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Small-scale industries (SSIs) have played a significant role in India’s economic development by generating employment, promoting entrepreneurship, encouraging regional development, and supporting inclusive growth. From a gender and entrepreneurship development perspective, government policies for promoting small-scale industries aim not only to increase industrial production but also to create opportunities for women entrepreneurs, disadvantaged groups, and rural communities to participate in economic activities. The Government of India has introduced several policies and programmes to strengthen small-scale industries by improving access to finance, technology, markets, training, and institutional support. The Industrial Policy Resolutions after independence recognized the importance of small industries in reducing unemployment and promoting balanced regional development. Over time, the policy approach shifted from protection and reservation towards competitiveness, innovation, and entrepreneurship promotion. A major policy initiative is the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, which
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