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Question -

What measures has the government taken to solve the problems of finance and marketing in the small scale sector?



Answer -

These are some of steps taken by a government for promoting business in small scale:
1. Established National Bank for Agriculture and Rural Development (NABARD) so that rural development can be promoted. This organisation is mainly involved in providing easy and cheap credit facility to small scale industries, cottage industries and rural industries.
2. SIDBI or Small Industries Development Bank of India was setup to help in providing financial assistance to small scale industries.
3. World Association for Small and Medium Enterprises or WASME is an international non-governmental organisation that helps address the problems of medium and small sized enterprises. It has started a committee for Rural Industrialisation for designing a model for the growth and development of rural industries.
4. The government setup NSIC or National Small Industries Corporation in 1955 to promote, foster and aid the growth of small business in the country.
5. NCEUS or The National Commission for Enterprises in the Unorganised Sector was formed in September 2004 with the primary objective of improving the small scale industries and enhance their global competitiveness. It focuses in solving problems faced by small enterprises in the unorganised sector.

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