मराठी

Advantages of Small Scale Industries

Advertisements

Topics

  • Advantages
  • Key Point Summary
Maharashtra State Board: Class 11

Advantages

Benefit Short Explanation Real-life Example
Large Employment Creates many jobs quickly with less setup time Handloom industry in Varanasi
Less Capital Requirement Can start with limited funds Local toy makers in Channapatna
Use of Domestic Resources Uses local raw materials and savings Coir industry in Kerala
Industrial Output Produces affordable consumer and industrial goods Agarbatti units in Mysore
Export Contribution Makes up 40% of industrial exports Tiruppur textile exports
Equitable Distribution Reduces income inequality by employing more people Handicraft clusters in Rajasthan
Foreign Exchange Earnings Earns foreign exchange through exports Gem and jewelry units in Surat
Entrepreneurship Offers business opportunities with low investment Start-ups in Ludhiana’s bicycle parts industry
Cost Efficiency Produces good quality at a low cost Small electronics units in Delhi
Reduces Migration Creates rural jobs, reducing city migration Khadi units in village areas
Operational Flexibility Quickly adapts to market changes Home-based food packaging businesses
Maharashtra State Board: Class 11

Key Point Summary

  • SSIs create jobs, especially for rural and semi-urban populations.
  • They are vital for India’s exports and promote equitable regional growth.
  • Easy entry encourages innovation and entrepreneurship nationwide.
  • SSIs help keep communities vibrant and reduce pressure on cities.

Test Yourself

Advertisements
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×