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Small Scale Industries Essay

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A STUDY OF THE ROLE OF ENTREPRENEURS TOWARDS TURNAROUND OF SELECT SICK SMALL SCALE INDUSTRIES OF AHMEDNAGAR MIDC (FOR A PERIOD OF 2007-12) Dr. Deepali Choudaki, Assistant Professor, Modern College of Engineering, MBA Department, Pune, 9604193421, choudakideepali@yahoo.in INTRODUCTION The small scale industries play an important role in the development and industrialization of any developing country. They provide large scale employment and form the strength of large and medium industries. These units help in fulfillment of the objective of the balanced regional development because it can be easily started in any part of the country with less capital investment. The SSI has a major role in employment creation, resource utilization and income generation and are helpful to promote changes in a gradual and changed manner. They have particularly emerged as a vibrant and dynamic segment helping the nation in economic development and stability. It has been recognized as one of the most appropriate means for developing the industrial economy of backward regions. The SSI’s form the support to medium and large units by supplying spares, processed raw material and required support keeping huge inventory to fulfill the needs of these companies. This helps in achieving the …show more content…

Credit based selling is one of the prime cause of industrial sickness in the areas of marketing. Credit selling causes freezing of funds and leads to shortage of cash when required to run the business for daily activities of a unit. Due to unavailability of adequate cash for the business, there arises a need to take extra funds from outside source. Entrepreneurs take extra funds as and when required and the cycle continues. It is suggested that proper guidance and training to the entrepreneurs will help the small scale manufacturing units in Ahmednagar MIDC to

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