Explain the importance (role) of small business in rural India.

Solution

Rural households have varied and multiple sources of income and they can participate in multiple non-agricultural activities such as wage employment and self employment in commerce, manufacturing and services along with the traditional rural activities of farming and agricultural labour. In order to promote them, various agencies help them such as :

1. Cottage and rural industries play an important role in providing employment opportunities in the rural areas, especially for the traditional artisans and the weaker sections of society.

2. Village and small industries play an important role as producers of consumer goods and absorbers of surplus labour, thereby, help in solving the problems of poverty and unemployment.

3. The cottage and rural industries play an important role in providing employment opportunities in the rural areas.

Some More Questions From Small Business Chapter

Name the institution which was set up in 1982 to promote integrated development.

Name any four institutions which have been set up to promote small industries in rural, backward and hilly areas.

What are the different parameters used to measure the size of business ?
or
Small scale business is defined on the basis of investment in plant and machinery. How this basis has been defined by the government ? Explain.

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Small Business

Explain the importance (role) of small business in rural India.

Some More Questions From Small Business Chapter

Name the institution which was set up in 1982 to promote integrated development.

Name any four institutions which have been set up to promote small industries in rural, backward and hilly areas.

What are the different parameters used to measure the size of business ?
or
Small scale business is defined on the basis of investment in plant and machinery. How this basis has been defined by the government ? Explain.

What is the definition used by government of India for small scale industries ?

Define Small Business.

How would you Differentiate between an ancillary unit and a tiny unit?

State the features of cottage industries.

Explain the characteristics of small business.