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STRATEGIES TO IMPROVE THE

SMALL SCALE BUSINESS

PRADHYUMAN SINGH

MBA (PM) 09MBAPMG006

FHMSIASM (SHIATS)

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What is small scale business/ industries

³The local business practices are known as small scale business´

³Industry which have under 100 lakhs investment on

infrastructure,production, Labor, and transportation´

«««.Min. SSI India 1997

³Now this limitation will increased till 5 crore´

«.. Min SSI 2009

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Needs for making strategies According to the MSSI repot the 56% of small scale businesses

fail within the First four years of their starting.

1 To maintain focus on market and customers

2 To maintain social network

3 To keep balance in financial funds

4 To identify the competitors

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5 To understanding the risk

6 Demand accountability

7 For technical assistance

8 To understand regional economic trend

9 To avoided the some problems like labor 

shortage, physical facilities, and raw materialproblems

Continue..

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Strategies to improve the SSB

1 Selection of well educated persons for management

2 Risk management strategies

3 Using new techniques in traditional working methods

4 Providing good physical facilities to labor 

5 identification of the target market

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6 Transportation facilities

7 Making strategies to avoid the occupationalhazards, industrial accidents

8 Identify and assess the causes of small

business failure

9 Using ethical norms in business

Continue«

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Role of government in improvement of SSI

1. Financial subsidies

2. Governmental policies

Scheme of fund for regeneration of traditional industries

Rajeev gandhi udhyami mitra yojana

Pradhanmantri gram swarojgar yojana

SIDBI Policies

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Role of small scale industry in Indian economy

1 Provide employment

2 Increase revenue

3 Economic growth

4 Addition in export market

5 Increase the GDI of country

6 Improve the life standard of rural population

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Small business sectors in India

1 Pharmaceutical sectors

2 Agriculture based small industries

3 Food and allied industries

4 Silk and man made fiber industries

5 Rubber industries

6 Plastic product industries

7 Lather industries

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SSI in Pharmaceutical sector 

1 8000 small pharma based industries

2 Help in reduce the extra burden on big firms so they take

concentration on research and development and discovery

of new drugs

3 Source of income of foreign currency

4 Helpful in the making good relation with the other countries

5 Help in saving the life of peoples during critical times

6 Human welfare in ethical way

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Conclusion

The small-scale industries sector plays a vital role in

the growth of the country. It contributes almost 40%

of the gross industrial value added in the Indian

economy so its improvement is necessary andpharmaceutical industries also helps in the growth of 

the country. And SSI Sector in India creates largest

employment opportunities for the Indian populace.

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STOP CHILD LABOUR