Rehabilitation of Small-Scale Industries through Skill India

Abstract

Indian economy consists of a vibrant set of enterprises (MSMEs). These businesses significantly impact a nation's economic and social growth. Micro, Small and Medium Enterprises are our country's second-largest employment provider. The government, through the initiative of Start-ups and the Make in India program, aims to empower start-ups to grow through innovation and design. The government has also initiated start-ups to strengthen One Person Incentivising (OPC), which will help aspiring entrepreneurs set up their businesses in India. Among the MSMEs, Small-Scale Industries play an important role in entrepreneurship development. These industries are more adaptable to the situation in society. Despite meeting the local and regional demand, these industries lack Digitalization. Hence there is a need for awareness and training on digitalization for these Small-Scale Industries’ entrepreneurs. This paper is an attempt to find out the issues relating to Small Scale Industries and what are the possibilities to rehabilitate these Small-Scale Industries through Skill India.