Download - Concessions & Incentives for SSI Session 9
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Comprehensive policy packagefor SSI & Tiny Sector
Entrepreneurship Management
Prof Bharat Nadkarni
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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 sectoraccounted for nearly 40 % of gross value of output in the manufacturingsector and 35 % of total exports from the country. There are around 32lakh SSI/ tiny units in the country employing more than 18 millionpeople.
The most important challenge faced by the SSI and tiny sector is thatof growing competition both globally and domestically.The sector has also been facing problems which relate to
1) Credit 2) Infrastructure 3) Technology4) Marketing 5) Delayed payment 6) Hassels on account of so manyrules and regulations
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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 problemseffectively and urgently.For having a focused attention on the development of SSI and tinysector, GOI has created a new ministry of SSI & Agro and Ruralindustries in october 1999.
Interim report of the S P Gupta study team constituted by the planningcommission provided the background material for the consideration of the group of ministers under the chairmanship of Mr L K Advani.Theteam was put together by PM Mr A B Vajpayee.
On the recommendations from the team, a comprehensive policypackage for the SSI and tiny sector was announced on 30 August 2000by the PM.
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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)
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Concessions & Incentives for SSI
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Protective
Investment Limit Government of India
Reservation Policy Government of India
Interest on Delayed Payment Act Government of India
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Marketing
Price & Purchase Preference NSIC
Marketing Support NSIC / MSSIDC
Vendor Development Programme (VDP) SISI
Sub-contract Exchanges (SCX) SISI
Market Development Assistance SIDO / SIDBI
Programme (MDAP)
Foreign Direct Investment Government of IndiaParticipation in Equity of SSI Government of India
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Technology
Technical Consultancy Organization (TCOs) State Government
Science & Technology Parks (STPs) State Government
Research & Development (R&D) NRDC / CSIRProduct & Process Development Centres SIDO / SISI
(PPDC), Field Testing Stations (FTS),
Tool Rooms (TR), Regional Testing Centres
(RTC), Tool Design Institutes (TDI), etc.
Technology Development & Modernization SIDBI
Fund (TDMF)
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Technology
ISO 9000 / ISO 14001 CertificationSIDBI
Integrated Technology Upgradation Programme SIDBI(UPTECH)
Small Industries Management Assistance ProgrammeSIDBI
(SIMAP)Technology Bureau for Small Enterprise (TBSE) SIDBI
Common Effluent Treatment Plant (CETP) StateGovernment
& GOINational Innovation and BusinessIncubation Pro ramme SIDBI
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Finance
Priority Sector Credit Policy Reserve Bank of India
Bill Discounting Financial Institutes / Banks
Factoring Service Financial Institutes / Banks
Composite Loans Financial Institutes / Bank
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Finance
Liberal Credit Access Reserve Bank of India
Liberal Working Capital Norms Reserve Bank of India
Venture Capital Funds Financial Insti / Banks
Over The Counter Exchange Government of India
of India (OTCEI)
Credit Guarantee Scheme (CGS) SIDBI
National Equity Fund (NEF) SIDBI
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Taxation
Concessions under Income Tax Act Government of India
Concessions under Central Excise Government of India
Concession under Stamp Duty State Government
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Infrastructure
Integrated Infrastructure Government of India
Development Scheme (IID)
Cluster-based Infrastructure Development State Government
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Human Resource DevelopmentEntrepreneurship Development Institute of India (EDII) Government of India
National Institute for Entrepreneurship & Small Government of India
Business Development (NIESBUD)
Indian Institute for Entrepreneurship (IIE) Government of India
Small Industries Extension Training Institute Government of India
of India (SIETII)
Centres for Entrepreneurship Development (CEDs) State Government
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Miscellaneous
Credit Rating SIDBIWTO Sensitization Programmes SISI
Prime Minister Rojgar Yojna SIDO(PMRY)Deendayal Hath Kargha ProtsahanYojna KVICComprehensive Package forKhadi & Village Industries KVIC
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Miscellaneous
Relaxation under Environment Laws State
GovernmentSmall Enterprises Information and SISI
Research Centre Network (SENET)
Rural Industries Programme (RIP) SISI & othersPackage Scheme for I.T. Units StateGovernment
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Modified SchemePackage 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
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Neglected Areas
Reforms in Labour LawsReforms in Power Sector