Kanwaljit Singh

Financing for Small Scale Industries in India: Dimensions and Issues Kanwaljit Singh

In this era of globalization the old grounds for small scale industries promotion like employment creation and balanced regional development are losing their relevance. In the context of new economy, the core objectives need to be reinterpreted because we were used to explore the potential of small scale industries in terms of local resources, local processes and absorption of local labour only.. Small scale industrial firms should enhance their competitiveness by adopting newer technologies, through better design features, customer- oriented services, quality distribution and logistic management to set a global quality bench-marking. Though there has been an elaborate institutional mechanism for dispensing credit to micro and small enterprises, historically, the outstanding bank credit to micro and small enterprises in absolute terms and the percentage of net bank credit has been used as an indicator to the credit flow to the sector. This book will be very useful to planners, researchers, policy makers and those interested in Indian industry in general and Punjab industry in particular.