Vol. 4, Issue 3, Part H (2018)

Abstract
Industrial development plays a crucial role in a country’s development particularly with regards to the objectives of structural diversification, modernisation and self-reliance. The progress of industrialisation over the last forty-nine years in India has been a striking feature of Indian economic development. Moreover, Government has been laying tremendous stress on the strategy of development through the SSI sector. The promotion of industries has been regarded as an important element of development strategy during our Five Year Plans. The modern small sector is akin to the large and medium industries sector in terms of technology in use, production facilities, labour intensity, capital intensity etc. The traditional industries include segments like handlooms, khadi and village industries, handicrafts sericulture, coir etc. The SSI sector has been receiving special attention from the policy makers in addressing its requirements of credit, marketing, technology, entrepreneurship development, fiscal and infrastructural support etc. It enjoys the status of priority sector for seeking financial assistance.