With in 1-2 lakh how to open small scale industrie?
A small scale industry is a business or project is created on either a small budget or for a small group of people. For instance if someone starts a laundry service just aroun…d their neighbourhood, that is small, not too expensive to start or manage but not too cheap either. Another example is a small pizzeria or a kiosk or say a moving around with an ice-cream van, these are types of small scale industries.
To get loans for small scale industries, first create your businessplan. Then, access banks that offer loans for businesses and shareyour business plan and business model.
the minimum paid up capital of a small scale industry should be 5 lakh
The industries which are organised on a small scale and produce goods with the help of small machines,hired labour and power are called as small scale industries
is that industry which has less amount of workers,no machineryis used,less transport,there are no transformers to do the work,all the work is done by hands e.g embroidery ETC.….
Advantages of establishing small scale industries: 1. Employment 2. Meets the demand of local market 3. Gainful Employment to women 4. Less burden on imports 5. Less Capital …6. Less sophisticated technology 7. Good use of raw material
Characteristics of a Small Scale Business A few examples of small-scale businesses include a flea market or shopping mall booth, a consultancy business, or even a computer re…pair shop that moves into retail space. Small-scale businesses typically consist of one owner and his shop. The business owner sells products and/or services supplied by a franchise company or created by the owner himself. This type of business is flexible, which means that the owner can generally set hours at any time to accommodate customers. Startup The initial start-up costs for a small-scale business are usually pretty low, depending on the specific business model and what products/services are being sold. A small-scale business selling retail goods at flea markets will only need require funds to purchase initial inventory and pay for a spot at the flea market. Likewise, the owner of a small business selling homemade goods only needs to worry about purchasing materials to make the goods. Small-scale businesses that offer consultation services, such as tax preparation or nutritional services, also have very low overhead costs. Portability A small-scale business is generally portable, making it easy to set up and tear down. Holiday gift shops that sell candles and novelty items are a perfect example of portability; all that's typically required is empty space at a shopping mall with a small table or booth to display products. Small-scale businesses also need a way to accept payments. Small credit card terminals and portable cash registers are perfect for these needs. Employees Usually very few employees, if any, work for a small-scale business. This type of business may have one or two employees for busy times. Typically, however, such businesses cannot afford to pay wages since a majority of the profits goes back into the business or pays for the owner's personal expenses. As such, owners often staff small-scale businesses themselves, allowing them to keep whatever profits they make.
Some of the trades in the small scale industry include weaving,sculpting and tailoring. Landscaping, daycare centers and nannycare jobs also fall in small scale industry.
limitations of small scale industries
types of small scale industry
base automation Select Automation Focaal automation selec
The SSIs are broadly classified into following categories: manufacturing, assembling, processing; services; and repairing and maintenance
small scale industry:- 1.these industry employ less no. of persons. 2.most of the wok is done by man power and small machines. 3.Raw-material used are less so production al…so less. 4.they are scattered in rural and urban areas and are in the private sectors e.g.cycle,T.V.radio. large scale industry:- 1.these industries employ a large no of persons. 2. mostly work is done by machines and laborers. 3.Raw material used is large and production is mass. 4.they are located in urban centers and are in the public sectors and run by big industries.
small pizzeria an ice-cream van laundry service
because it employs less than 10 person