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    Small Business

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    shivamlamba1
    Small businesses are privately owned companies with fewer than 100 employees in the US and fewer than 50 in Europe. In India small businesses are defined as having less than Rs. 1 Crore investment in plant and machinery. Small businesses contribute significantly to the Indian economy through jobs, exports, and balanced regional development. They face challenges securing financing, raw materials, skills, and technology. The government supports small businesses through organizations that provide funding, resources, and incentives like tax breaks and subsidized land and utilities. For small businesses to thrive, international trade rules need to continue supporting them and the government must lead their development through subsidies and other assistance.

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    Small Business

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    shivamlamba1
    779 views16 pages
    Small businesses are privately owned companies with fewer than 100 employees in the US and fewer than 50 in Europe. In India small businesses are defined as having less than Rs. 1 Crore investment in plant and machinery. Small businesses contribute significantly to the Indian economy through jobs, exports, and balanced regional development. They face challenges securing financing, raw materials, skills, and technology. The government supports small businesses through organizations that provide funding, resources, and incentives like tax breaks and subsidized land and utilities. For small businesses to thrive, international trade rules need to continue supporting them and the government must lead their development through subsidies and other assistance.

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    Small businesses are privately owned companies with fewer than 100 employees in the US and fewer than 50 in Europe. In India small businesses are defined as having less than Rs. 1 Crore investment in plant and machinery. Small businesses contribute significantly to the Indian economy through jobs, exports, and balanced regional development. They face challenges securing financing, raw materials, skills, and technology. The government supports small businesses through organizations that provide funding, resources, and incentives like tax breaks and subsidized land and utilities. For small businesses to thrive, international trade rules need to continue supporting them and the government must lead their development through subsidies and other assistance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    779 views16 pages

    Small Business

    Uploaded by

    shivamlamba1
    Small businesses are privately owned companies with fewer than 100 employees in the US and fewer than 50 in Europe. In India small businesses are defined as having less than Rs. 1 Crore investment in plant and machinery. Small businesses contribute significantly to the Indian economy through jobs, exports, and balanced regional development. They face challenges securing financing, raw materials, skills, and technology. The government supports small businesses through organizations that provide funding, resources, and incentives like tax breaks and subsidized land and utilities. For small businesses to thrive, international trade rules need to continue supporting them and the government must lead their development through subsidies and other assistance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 16

    Small Business

    By Shivam Lamba
    XI - D

    1
    At a Glimpse

    • MEANING OF SMALL BUSINESS


    • MAIN FEATURE OF SMALL BUSINESS
    • NATURE OF SBU( SMALL BUSINESS UNITS) IN
    INDIA
    • CLASSIFICATION OF SMALL BUSINESS IN INDIA
    • Some Other Form of small business
    • Administrative Setup For The Small Scale, Agro &
    Rural Industries
    • Other Chapter
    •
     2
    MEANING OF SMALL
    BUSINESS
    A small business is a business that is privately
    owned and operated, with a small number of
    employees and relatively low volume of sales.
    The legal definition of "small" often varies by
    country and industry, but is generally under 100
    employees in the United States and under 50
    employees in the European Union. In
    comparison, the definition of mid-sized
    business by the number of employees is
    generally under 500 in the U.S. and 250 for the
    European Union. In Australia, a small business
    is defined as 1-19 employees and a medium
    business as 20-200 employees. In india, small
    business is defined on the basis of investment
    on plant and machinery whose maximum limit
    for small business is Rs. 1 Crore/10 million.

    3
    MAIN FEATURE OF SMALL
    BUSINESS
    • Small businesses are normally
    privately owned corporations,
    partnerships, or
    sole proprietorships.
    • In addition to number of employees,
    other methods used to classify
    small companies include annual
    sales (turnover), value of assets
    and net profit (balance sheet),
    alone or in a mixed definition.
    These criteria are followed by the
    European Union, for instance
    (headcount, turnover and balance
    sheet totals). Small businesses are
    usually not dominant in their field of
    operation.
    • 4
    NATURE OF SBU( SMALL
    BUSINESS UNITS) IN INDIA
    In India ,village & small industries
    sector consists of both the traditional &
    modern small industries . This sector
    has 8 sub group which are
    1.Handlooms
    2.Handicraft
    3.Coir
    4.Sericulture
    5.Khadi
    6.Small scale industries
    7.Village Industries Sericulture
    8.Power looms
    9.
    10.

    5
    CLASSIFICATION OF
    SMALL BUSINESS IN INDIA
    The small business in india can be classified as:-

    Type Investment Limit(Rs) Remarks


    Small Scale Industry One Crore For specific product it
    Ancillary Industry One Crore is 5 Crore(71
    Half product
    the output
    Tiny Enterprise 25 Lakhs so
    No far)
    supplied to the
    Location parent
    Limit
    Service & business 10 Lakhs unit
    No Location Limit
    enterprise
    Women Enterprise Any Of the Above 51% equity hold &
    Export Oriented One Crore managed
    100% EOUbyCan
    women
    Sell
    Units(EOU`s) their 25% in domestic
    market

    6
    Some Other Form of small
    business

    ØMicro Business
    ØVillage Industries
    ØCottage Industries
    People on work on power
    looms.

    7
    Administrative Setup For The Small
    Scale, Agro & Rural Industries

    Note : These ministries were disassociated from 1 single ministry


    that is Ministry of small industries & Agro and rural Industries till
    September 2001 8
    Ministry of Agro & Rural
    industries ,India
    • It is a nodal agency for coordination & development
    of village industries.
    • It exist in urban and rural area because it acts as a
    link between the two.
    • It control Khadi & Village Industries commission
    (KVIC), Handicraft Board, Coir board, Silk Board.

    9
    ROLE OF SMALL
    BUSINESS IN INDIA
    1. Small Scale Industries contribute 40% of gross industrial
    value & provide foreign exchange.
    2. Small industries are second largest employer in india as
    it has large capacity to absorb man power.
    3. Small Scale industries lead to Balanced regional
    balance.
    4. It is also provide a space for entrepreneurship ,low cost
    of production.
    5. Due to Small size of industries , quick& timely decision
    can be taken.
    6. Small Scale industries have an abalitity of adopting to
    situation.
    10
    7.
    Problem Faced By Small
    Industries
    • Finance
    • Raw Material
    • Managerial Skills
    • Technology
    • Shortage Of Working Capital
    • Global Competition Caricature for cow
    rearing

    11
    Institutional Support By Govt.

    1. National Bank For Agriculture & Rural


    Development(NABARD)
    2. Rural Small Business Development Centre
    (RSBDC)
    3. National Small Industries Corporation (NSIC)
    4. Small Industries Development Bank Of India (SIDBI)
    5. The National Commission For Enterprises in
    Unorganised Sector(NCEUS)
    6. District Industries Centres(DICs)
    7.
    8. 12
    INCENTIVES BY GOVT.OF
    INDIA
    • Land Every State Offer a developed plot
    • for small scale industries on highly
    • rebated price.
    • Power It is supplied to industries on 50%
     & water concession rate as a incentive.
    • Tax Govt. provide tax rebate in initial year to
    Holiday set up the business.

    13
    THE FUTURE
    PROSPECTUS
    • At the world level, WTO should instead of ending
    subsidies, either support small business as the
    small business are major exporter for an
    economy.
    • In India, The govt. instead of being a mere market
    regulator should lead the small business to
    development by the means of subsidies and other
    facilities.
    •

    14
    Motto Of Success of Small
    Business

    Think Global,
    Act Local

    15
    THANK YOU

    16

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