Poverty Alleviation and Employment Opportunities through Small Scale Industries (SSI's) and Government initiatives for SSI's

Academic Paper from the year 2024 in the subject Business economics - Business Management, Corporate Governance, grade: 7.2, Bharathiar University (Tamil Nadu Institute of Urban Studies), course: Ph.D, language: English, abstract: Small Scale Industries (SSI’s) play a very important role in the economic development of India. It help the government in increasing infrastructures and manufacturing industries, reducing issues like pollution, slums, poverty, and many development acts. They play an essential role in employment generation and poverty alleviation. It improves the growth of the country by increasing both urban and rural growth. SSI provide nearly forty percent of the gross industrial value added to the Indian economy. SSI’s are an important industry both from a financial and social perspective as they contribute to per capita income and resource utilisation in the economy. These industries can be either manufacturing or service industries. Small scale industries are labour intensive but require less capital and produce on a small scale. This research paper aims to examine the impact of Small Scale Industries (SSI’s) on poverty alleviation, employment opportunities and government initiatives for SSI units based on secondary data collected from various sources such as the internet, books, magazines, newspapers and government data from the Ministry of Micro, Small, and Medium Enterprises (MSME) website portal.