Small Scale

DEFINITION OF SSIs The definition for small-scale industrial undertakings has changed over time. initially they were classified into two categories- those using power with less than 50 employees and those not using power with the employee strength being more than 50 but less than 100. However, the capital resources invested on launch and machinery buildings have been the primary criteria to differentiate the small-scale industries from the jumbo and median(a) scale industries. An industrial building block can be categorize as a small- scale unit if it fulfils the capital coronation limit fixed by the Government of India for the small-scale sector. As per the latest definition which is effective since December 21, 1999, for any industrial unit to be regarded as Small Scale industrial unit the following condition is to be satisfied: - coronation in fixed assets like plants and equipments either held on will power terms on lease or on enlist purchase should not be more than Rs 10 million. However, the unit in no way can be possess or controlled or ancillary of any other industrial unit YEAR INVESTMENT LIMITS 1960 Upto Rs 5 lacs in Plant & Machinery 1966 Upto Rs 7.

5 lacs in Plant & Machinery 1975 Upto Rs 10 lacs in Plant & Machinery 1980 Upto Rs 20 lacs in Plant & Machinery 1985 Upto Rs 35 lacs in Plant & Machinery 1991 Upto Rs 60 lacs in Plant & Machinery 1997 Upto Rs 100 lacs in Plant & Machinery 199 100 CLASSIFICATION OF SSIs: A common classification is between traditional small industries and contemporary small industries. Traditional small industries include khadi and handloom, crossroads industries, handicrafts, sericulture, coir, etc. Modern SSIs produce wide range of goods from relatively simple items t sophisticated products such as picture sets, electronics, control system, various engineering products, particularly as ancillaries to the large industries.. The traditional small industries are highly labour-intensive... If you want to quiver a full essay, order it on our website: Orderessay

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