Financial help for small scale industries

Financial assistance chart for small scale industries - National and state level institutions operating in the country for meeting the credit requirements of the ssis sector include small industries development bank of india, commercial banks, regional rural banks, co-operative banks (state, central and primary), state financial corporations/state industrial investment corporations, state small industries development corporation, national bank for agriculture and rural development, statutory bodies (kvic, coir board, handloom board and handicraft boards), national small industries corporations limited and the like in theni district there are several financial institutions and commercial banks which provide all sorts of financial assistance to the ssi units. George verghese [7] in his paper “leading issues in credit flow to ssis sector is finance for small enterprise in india” stated that focus on the limited impact of polices on the ssis sector in india was mainly due to the isolated treatment accorded to the ssis sector, the ssis sector needs a renewed thrust enhancing credit flow by drastically improving the problem areas of administration personal, entrepreneurial development and infrastructure in dispensation of credit. Different national and state level institutions operating in the country for meeting the credit requirements of the ssis sector include small industries development bank of india, commercial banks, regional rural banks, co-operative banks (state, central and primary), state financial corporations/ state industrial investment corporations, state small industries development corporation, national bank for agriculture and rural development, statutory bodies (kvic, coir board, handloom board and handicraft boards), national small industries corporations limited and the like. Jyotirmayee khar [9] in his article “credit repayment by the small-scale industries”, highlighted that lending program to the small-scale sector was fraught with two primary problems: administered rate of interest, insufficient to meet the cost and risk of small business lending, had forced the financing institutions to channelize their resources towards the large corporate sector considered less risky.

Institutional Assistance for small scale industries in India (Entrepreneurship)

In this lecture we are going to learn about Institutional Assistance for small scale industries in India.