What measures has the government taken to solve the problem of finance and marketing in the small scale sector?


The government has taken to solve the problem of finance and marketing in the small scale sector are:

a. National bank for Agriculture and Rural Development NABARAD- It was established in 1982. Its main objective was to promote integrated rural development. It is an Apex body that governs the operations of the rural and Gramin banks. It supports small industries, cottage and village industries, and rural artist. It provides easy and cheap credit facilities to these Industries. It provides regular training and development program for rural entrepreneurs.


b. World Association for Small and Medium Enterprise WASME -It is an international non-government organisation. It was set up to address the problems faced by small industries. It has also set up an International Committee for Rural Industrialization to help these Industries grow and develop.


c. Small Industries Development Bank of India-It was set up as an Apex Bank to provide financial assistance through direct and indirect ways under different schemes to the small industries.


d. The National Commission for Enterprises in the Unorganized Sector- NCEUS - it was established in 2004. First to improve efficiency and enhance the global competitiveness of these industries. Undeveloped linkages with other institutions with regard to raw material, marketing, technology, and Finance.


e. Rural small business development center- It is sponsored by NABARD. It focuses on economically disadvantaged groups. It provides technical support to the current and prospective entrepreneurs in rural areas.


f. National Small Industries Corporation- it was set up in 1955 to promote the growth of small business units in India. It provides raw material at a lower rate, provides machinery on easy hire purchase terms, provides Technology upgradation, software parks development and export the products produced by these units.


g. Rural and women entrepreneurship development - It provides a conducive and healthy environment for the growth of the women entrepreneurs. It provides them with regular training and development programs.


h. District industry centre-It was established in 1978 at a district level for the promotion of small scale industries.


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