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SAI COMPUTER TYPING INSTITUTE, GULABARA CHHINDWARA (M.P.) CPCT ADMISSION OPEN MOB. NO.9098909565 Director By Lucky Shrivatri

created Oct 19th 2021, 04:27 by rajni shrivatri


5


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391 words
61 completed
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Cottage and small scale industries are owned by more and more people. Due to which there is no centralization of much power. Apart from this workers are not exploited in these industries, which leads to more equitable distribution of national income.  Large scale industries can be established only in some industrial centers because special conditions and facilities are required for them. But cottage industries can be established in villages and small towns, so cottage and small scale industries help in decentralization of industries in the country. The burden of population on agriculture is increasing continuously in India. Every year about 30 lakh persons increase to become dependent on agriculture. Due to which there is subdivision and fragmentation of agriculture. Small scale industries are very useful in solving this problem. Cottages provide protection to traditional and artistic objects.
Establishment of cottage industries requires less capital as well as less technical knowledge and can be run by giving less amount of training to the employees, thus it is best for the Indian economy. These are such industries whose production can be obtained only after some time of establishment. That is why they are also called quick producing industries. There is a difference of years between the establishment of large industries and the time of production whereas in cottage industries, production can be started in a few months somewhere in a few days. In this way cottage industries have made an important place in the social and economic development of the country. The importance of micro, small and medium industries can be understood from the fact that the share of these industries in industrial production is 45 percent and the contribution of national exports is 40 percent. It provides employment to 800 lakh people of the country. The MSME sector contributes about 8 percent to the countrys GDP.
Due to the importance of small and cottage industries, they were given a prominent place in industrial policies and production of 20 items has been kept safe for them. Arrangements have also been made to make a special law to protect their interests. In short, it can be said that small and cottage industries provide immediate employment on a large scale, assure a relatively more equitable distribution of national income effectively mobilize capital and other resources and utilize local resources. exploit in the best way.
 

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