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    Concessions & Incentives For SSI Session 9

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    Yatendra Jha
    The document outlines a comprehensive policy package for small-scale industries (SSI) and tiny sectors in India. It discusses challenges faced by the sector such as competition, credit access, infrastructure issues, technology gaps, marketing difficulties, and regulatory hurdles. A group of ministers formulated recommendations, which were accepted by the Prime Minister. As a result, a new policy package was announced in 2000 to address problems and enable the sector to avail opportunities through various support organizations, concessions, incentives, finance and credit schemes, infrastructure development initiatives, and human resource programs.

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    Concessions & Incentives For SSI Session 9

    Uploaded by

    Yatendra Jha
    270 views18 pages
    The document outlines a comprehensive policy package for small-scale industries (SSI) and tiny sectors in India. It discusses challenges faced by the sector such as competition, credit access, infrastructure issues, technology gaps, marketing difficulties, and regulatory hurdles. A group of ministers formulated recommendations, which were accepted by the Prime Minister. As a result, a new policy package was announced in 2000 to address problems and enable the sector to avail opportunities through various support organizations, concessions, incentives, finance and credit schemes, infrastructure development initiatives, and human resource programs.

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    Concessions & Incentives for SSI Session 9

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    The document outlines a comprehensive policy package for small-scale industries (SSI) and tiny sectors in India. It discusses challenges faced by the sector such as competition, credit access, infrastructure issues, technology gaps, marketing difficulties, and regulatory hurdles. A group of ministers formulated recommendations, which were accepted by the Prime Minister. As a result, a new policy package was announced in 2000 to address problems and enable the sector to avail opportunities through various support organizations, concessions, incentives, finance and credit schemes, infrastructure development initiatives, and human resource programs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    270 views18 pages

    Concessions & Incentives For SSI Session 9

    Uploaded by

    Yatendra Jha
    The document outlines a comprehensive policy package for small-scale industries (SSI) and tiny sectors in India. It discusses challenges faced by the sector such as competition, credit access, infrastructure issues, technology gaps, marketing difficulties, and regulatory hurdles. A group of ministers formulated recommendations, which were accepted by the Prime Minister. As a result, a new policy package was announced in 2000 to address problems and enable the sector to avail opportunities through various support organizations, concessions, incentives, finance and credit schemes, infrastructure development initiatives, and human resource programs.

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    Download as ppt, pdf, or txt
    of 18

    Comprehensive policy package for SSI & Tiny Sector Entrepreneurship Management

    Prof Bharat Nadkarni

    Entrepreneurship Management
    Comprehensive policy package for SSI & Tiny Sector
    The Small scale industry (SSI) has emerged as Indias engine of growth in the new millineum. By the end of March 2000, SSI sector accounted for nearly 40 % of gross value of output in the manufacturing sector and 35 % of total exports from the country. There are around 32 lakh SSI/ tiny units in the country employing more than 18 million people. The most important challenge faced by the SSI and tiny sector is that of growing competition both globally and domestically. The sector has also been facing problems which relate to 1) Credit 2) Infrastructure 3) Technology 4) Marketing 5) Delayed payment 6) Hassels on account of so many rules and regulations

    Entrepreneurship Management
    In order to enable this sector to avail the opportunities and play its role as an engine of growth, it is essential to address to the problems effectively and urgently. For having a focused attention on the development of SSI and tiny sector, GOI has created a new ministry of SSI & Agro and Rural industries in october 1999. Interim report of the S P Gupta study team constituted by the planning commission provided the background material for the consideration of the group of ministers under the chairmanship of Mr L K Advani.The team was put together by PM Mr A B Vajpayee. On the recommendations from the team, a comprehensive policy package for the SSI and tiny sector was announced on 30 August 2000 by the PM.

    Entrepreneurship Management
    Support Organisations 1. Small industries development organisation (SIDO) 2. Small industries service institute (SISI) - its a service agency 3. National small industries corpn. Ltd. (NSIC) 4. Small industries development bank of India (SIDBI) 5. Technology bureau for small enterprises ( TBSE) 6. Maharashtra industrial development corpn. (MIDC) 7. Maharashtra small scale industries development corpn. Ltd. (MSSIDC) 8. Maharashtra industrial & technical consultancy services ltd. (MITCON)

    Concessions & Incentives for SSI

    Protective

    Investment Limit Reservation Policy Interest on Delayed Payment Act

    Government of India Government of India Government of India

    Marketing
    Price & Purchase Preference
    Marketing Support

    NSIC
    NSIC / MSSIDC

    Vendor Development Programme (VDP) SISI

    Sub-contract Exchanges (SCX)


    Market Development Assistance Programme (MDAP)

    SISI
    SIDO / SIDBI

    Foreign Direct Investment


    Participation in Equity of SSI

    Government of India
    Government of India

    Technology
    Technical Consultancy Organization (TCOs) Science & Technology Parks (STPs) State Government State Government

    Research & Development (R&D)


    Product & Process Development Centres (PPDC), Field Testing Stations (FTS),

    NRDC / CSIR
    SIDO / SISI

    Tool Rooms (TR), Regional Testing Centres


    (RTC), Tool Design Institutes (TDI), etc. Technology Development & Modernization SIDBI

    Fund (TDMF)

    Technology
    ISO 9000 / ISO 14001 Certification SIDBI Integrated Technology Upgradation Programme SIDBI (UPTECH) Small Industries Management Assistance Programme SIDBI (SIMAP) Technology Bureau for Small Enterprise (TBSE) SIDBI Common Effluent Treatment Plant (CETP) State Government & GOI National Innovation and Business Incubation Programme SIDBI

    Finance

    Priority Sector Credit Policy

    Reserve Bank of India

    Bill Discounting
    Factoring Service

    Financial Institutes / Banks


    Financial Institutes / Banks

    Composite Loans

    Financial Institutes / Bank

    Finance
    Liberal Credit Access
    Liberal Working Capital Norms Venture Capital Funds Over The Counter Exchange of India (OTCEI)

    Reserve Bank of India


    Reserve Bank of India Financial Insti / Banks Government of India

    Credit Guarantee Scheme (CGS)


    National Equity Fund (NEF)

    SIDBI
    SIDBI

    Taxation

    Concessions under Income Tax Act

    Government of India

    Concessions under Central Excise


    Concession under Stamp Duty

    Government of India
    State Government

    Infrastructure

    Integrated Infrastructure Development Scheme (IID)

    Government of India

    Cluster-based Infrastructure Development State Government

    Human Resource Development


    Entrepreneurship Development Institute of India (EDII) Government of India

    National Institute for Entrepreneurship & Small


    Business Development (NIESBUD) Indian Institute for Entrepreneurship (IIE)

    Government of India

    Government of India

    Small Industries Extension Training Institute


    of India (SIETII) Centres for Entrepreneurship Development (CEDs)

    Government of India

    State Government

    Miscellaneous
    Credit Rating WTO Sensitization Programmes Prime Minister Rojgar Yojna (PMRY) Deendayal Hath Kargha Protsahan Yojna Comprehensive Package for Khadi & Village Industries SIDBI SISI SIDO

    KVIC
    KVIC

    Miscellaneous
    Relaxation under Environment Laws Government State

    Small Enterprises Information and


    Research Centre Network (SENET) Rural Industries Programme (RIP) Package Scheme for I.T. Units Government

    SISI
    SISI & others State

    Modified Scheme
    Package Scheme of Incentives -State Government:

    Capital Subsidy in Backward Areas only


    Interest Subsidy on Term Loan for new Textile, Hosiery & Knitwear Units only. Octroi Refund in Backward Areas only Electricity Duty Exemption in Backward Areas and to

    Sunrise Sectors

    Neglected Areas

    Reforms in Labour Laws Reforms in Power Sector

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