How to start a small scale industry in india pdf

Since we discussed earlier that the small scale industries require less capital. Therefore small business owners and entrepreneurs are always willing to start their own small scale industry business.

So here are few tips for those who wish to start their small-scale industry business. The first and foremost step which should be taken while launching a small scale industry is to choose a product to be produced.

Before choosing that product, one must also conduct market research on various products and then only choose to produce it. Some factors which must be kept in mind while researching on the market are:. The potential business entrepreneur must have clear small scale industry ideas before production because the product is the core of the business.

Some small scale industries examples are producing handmade chocolates, making handmade soaps, producing spices, papad, and other dry food items, producing hair oil, etc. Location is a crucial factor while setting up a small scale industry. Location affects a lot of other important factors such as transportation costs, availability of raw materials, availability of land at low rates. Suppose the location of the production unit is in the proximity of the source of raw materials.

In that case, the transportation costs reduce and it maximises the profit. In India, the government also offers pre-built areas or developed plots to develop small scale industries. Small scale industries can be chosen to be in three main forms of ownership. These are Proprietary, Partnership, and Company. Proprietary implies all the rights that the proprietor or the property owner can exercise and all the items or products produced and marketed under exclusive rights.

By exclusive right, we mean that those rights are to be exercised only by the proprietor. The proprietary also has a registered trade name. This trade name also protects the business from unethical works such as copying.

A partnership is an association of two or more people. The individuals involved in the small scale industry business invest their money together in the partnership and carry on the company as a joint venture. While being in a joint venture, the benefits and the losses are immense because of the profits, losses, and risks shared by all the individuals involved.

The partnership is also characterised by the fact that the business gets the combined capital and managerial skills of all the individuals involved. Provisional SSI registration can be applied for by a business at any time and the industrial license is not required. Once an application is made for Provisional SSI registration, the provisional registration is provided and no field inquiry is done.

Provisional SSI registration is valid for five years and if the entrepreneur is unable to set up the unit in this period, a fresh application for provisional registration can be made at the end of five years period. Start the business with the provisional SSI registration certificate. Examples Of Small Scale Industries 3. Candle Making The candle making industry requires just around Rs. Phenyl Making Phenyl is a top-rated cleaning agent used extensively in homes, hospitals, restaurants and factories.

Excise Notebooks The usage of excise notebooks has only increased over the years. Spices Indian food relies heavily on a variety of spices. Soaps And Oils With an increasing number of people opting for organic products, small scale industries producing soaps and oils are thriving very well. Camphor And Incense Sticks India is the largest producer of incense sticks in the world and exports the products to several other countries. Chips And Biscuits Banana and potato chips are some of the most commonly consumed snacks in India.

Papads And Fritters Papads and Fritters producing industries are extremely lucrative initiatives for aspiring entrepreneurs in South Asia, particularly India. Small Scale Business In India Simple Medical Requirements Surgical medical equipment is produced in high-grade setups using skilled medical engineers and world-class equipment. Cottage Cheese India has no shortage of dairy products ranging from milk and curd to processed products like paneer.

FAQs Q. What are small scale industries in India? Which is the most profitable small scale business in India? Which is the best small scale business? What are the examples of small scale industries? Which industry is growing fastest in India? What is the best small scale business to start in India? Which industry will grow in in India?

What are the types of small scale industries? What is small scale business in India? Which are the most prominent small scale industries examples?

How can I start a small industry? Ans- Follow these steps to understand how to start a small scale industry in India : Step 1- Choose your product for selling. Which small scale business is profitable in India? What business can I start with rupees? What business is good after lockdown? What type of business is small scale? We hope our article turned out to be useful for you. Miscellaneous Business Tips English. Beauty Parlour Expenses List Homestay Business Model.

You Might Be Interested In. So these labor-intensive industries give a livelihood to a large portion of the workforce. Approximately half of the goods that are exported from India are produced by these small enterprises. Other than financial reasons, these industries are also necessary for the social growth and development of our country.

These industries are normally started by the lower or middle-class public. They have an opportunity to gain wealth and employ other people. It aids with income distribution and contributes to social progress.

Despite the practical contribution by the Small Scale Industries towards the Indian economy, Small Scale Industries do not get the essential support from the Government departments, financial institutions, banks, credit societies, and corporate thus the Small Scale Industries are becoming handicap in the face of competition at the national and international markets. The major problems faced by the Small Scale Industries are mention below. The advancement and advancement of Small Scale Industries are important for the development of the Indian economy to accomplish the impartial distribution of income and wealth, economic self-dependence, and economically sustainable developments.

To boost the Small Scale Industries sector so that it can take deserved place in the growth mechanism of the Indian economy. Some appropriate measures to be taken by the government in providing financial assistance at minimum formalities, a platform to be built by the government to help the MSMEs in the procurement of quality raw material and train them for the organized marketing process.