Essay On Small Scale Industries

Small scale industry is a crucial element in development strategy because of high employment intensity, favorable capital output ratio, greater scope for disbursed location, development of local resources, promotion of exports and attainment of social justice and regional balance.

Small scale industries have to play an important role in the economic development of The Gambia, particularly in terms of providing additional employment and generating income and thereby raising the standard of living of the people in rural and urban areas.There can be real development if poorest of the poor get the benefits of development. It may be stated that the development of small industry on right lines and with appropriate strategy can revolutionize the Gambian economy. The development of small industry can go a long way in achieving much cherished goals like elimination of unemployment and poverty, raising the standard of living of the people, attainment of balanced regional development and averting the wastage of human resources. Indeed, effective utilization of human resources depends on the generation of employment opportunities.

Although, the small scale industries in

The small scale industries can be made more vibrant by appropriate reviews in the licensing rules, by a proper structure of grants, taxes, and subsidies so as to make them more growth- Oriented. Gambia’ vision of developing as an economic super power in the 21st Century can be accomplished through the development and the promotion of the small- scale industry. In fact, the small scale sector is the sector of the millennium. The role that small scale enterprises have to play in the next ten years must be reviewed in the dynamic content of a changing world. It must address to the requirements of the time and the changes which are taking place both within and outside the