Some of the financial institutions supporting small scale industries in India are:- 1. State Finance Corporations (SFCs) 2. Commercial Banks 3. Small Industries Development Bank of India (SIDBI) 4. Industrial Finance Corporation of India (IFCI) 5. Industrial Credit and Investment Corporation of India (ICICI Bank) 6. Industrial Development Bank of India (IDBI) 7. Small Industries Development Fund (SIDF) 8. National [...]
Everything you need to know about the institutions supporting small scale industries in India. Industrialization plays a significant role in the economic development of any country. But the type of industrialization needed by each developing country differs. The industrial structure of a country consists of large, medium, and small scale industries. Of these three types of industrialization, the role of [...]
Everything you need to know about the government support to small scale industries. The support system for small scale industries in India is quite comprehensive. Many of these agencies belong to the Central Government, while the rest belong to the state governments. The small scale industry sector output contributes almost 40% of the gross industrial value-added, 45% of the total [...]