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CBSE Business Studies Chapter 8 Small Business class 11 Notes Business Studies in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides Small Business class 11 Notes Business Studies latest chapter wise notes for immediate training of CBSE exams and school based annual examinations. Class 11 Business Studies notes on chapter 8 Small Business class 11 Notes Business Studies are besides available for download in CBSE Guide web site. CBSE scout notes are the comprehensive notes which covers the latest course of study of CBSE and NCERT. It includes all the topics given in NCERT class 11 Business Studies text book. Users can download CBSE guide flying revision notes from myCBSEguide mobile app and my CBSE guide web site. Download CBSE class 11th revision notes for chapter 8 Small Business class 11 Notes Business Studies in PDF format for free. Download rewrite notes for Small Business classify 11 Notes Business Studies and seduce high in exams. These are the Small Business class 11 Notes Business Studies prepared by team of technical teachers. The revision notes help you revise the whole chapter in minutes. Revising notes in examination days is on of the best tips recommended by teachers during examination days. CBSE Class 11 Business Studies
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CHAPTER 8
Small Business class 11 Notes Business Studies

A business which operates on a small scale and required less das kapital, less labor and less machines is called small business. The goods are produces on a little scale. This business is operated and managed by the owner of the commercial enterprise. In India, the village and little Industries sector consists of both traditional Handlooms, Handicrafts, khadi and Village Industries. Modern belittled Industries – Small scale industries and Power looms. According to The Micro, Small and Medium Enterprise Development ( MSMED ) Act, 2006, a modest scale enterprise defined as one where the investment in Plant and Machinery is more than Rs. 25 hundred thousand but does not exceed Rs. 5 crore. respective parameters can be used to measure the size of business. These include

  • the number of persons employed in business,
  • Capital invested in business,
  • Volume of output of business and
  • power consumed for business activities.

The definition used by the Government of India to describe minor Industries is based on the investment in implant and machinery. It can be divided as follows :

Category Manufacturing Unit Service Providers
Micro Enterprise Less than Rs. 25 Lakhs Less than Rs. 10 Lakhs
Small Enterprise Between Rs. 25 Lakhs to Rs. 5 Crore Between Rs. 10 Lakhs to Rs. 2 Crore
Medium Enterprise Between Rs. 5 Crore to Rs. 10 Crore Between Rs. 2 Crore to Rs. 5 Crore

 ROLE OF SMALL SCALE INDUSTRIES IN SOCIO ECONOMIC DEVELOPMENT OF INDIA 1. Employment: Small scale Industries are second largest employers of human resources after Agriculture. It has 95 % of the industrial unit in the area. These enterprises are labor intensive and labor is available in abundants come is rural areas of India. 2. Variety of product: Small scale Industries produce an enormous variety of goods e.g. readymade garments, stationery, soaps, Leather ’ s goods Plastic and rubber goods. 3. Export: The partake of intersection from SSI is 45 % of sum export from India. So it earn valuable foreign exchange and solve the trouble of balance of requital. 4. Balance regional development: SSI can be set anywhere in the area. They use local resources, less capital and elementary engineering. 5. Complementary to large scale Industries: SSI. supply respective types of components, spare parts, tools etc, which are required by large scale enterprises. 6. Low cost of production: SSI besides enjoy the advantage of low price of production because they used local resources in their product. 7. Quick and timely decision Due to the little size of the constitution flying and timely decisions can be taken without consulting many people. 8. Development of entrepreneurship : SSI provide opportunity of young men and women to start their own business. ROLE OF SMALL BUSINESS IN RURAL INDIA 1. Provides Employment in Rural Areas: Cottage and rural industries provide employment opportunities in the rural areas as these are parturiency oriented enterprises. In indian rural areas ample labor is available. 2. Improve Economic Condition: Small business provide multiple reservoir of income to the rural households. SSI improves economic conditions and standard of live of people living in those Areas. 3. Prevent migration : Development of rural and greenwich village industries can besides prevent migration of the rural population to urban areas in search of use. 4. Utilisation of Local Resources: SSI practice local anesthetic resources e.g. coir, wood and other products. 5. Equitable distribution of rational Income: Small Scale Industries and cottage Industries ensure equitable distribution of national income. This helps to reduce the gap between full-bodied and the poor in the state. 6. Balanced Regional development – These enterprises are often dependent on local source of production. This way, industries do not precisely limit themselves to a particular place but diversify. This helps in balance regional exploitation. Problem of Small Scale Industries: 1. Finance: Non-availability of sufficient funds in order to carry out business operations is an significant trouble faced by modest scale industries. Bank seat at to grant fiscal assistant to these units.

2. Raw Material & Power: Small scale units are ineffective to buy raw materials in bulk due to lack of funds and storage facilities. dearth of baron is another factor which leads to under use of plant capacity. 3. Marketing: Small scale units by and large face difficulties in market of their products and services as they are barely any funds for advertise or sales forwarding. They depend on intermediaries who exploit them. 4. Technology: Majority of small scale enterprises are using old techniques of production because they can not afford new techniques, machines and equipment necessary for modernising product. As a result, their cost of output increases. 5. Competition : small plate firms face competitions not only from bombastic industries but besides from multinational companies. 6. Other problems :
• Lack of Managerial Efficiency.
• Lack of Demand of Produced Goods.
• Labour Problems.
• Burden of Local Taxes.
• Poor Product Quality. GOVERNMENT ASSISTANCE TO SMALL INDUSTRIES AND SMALL BUSINESS UNITS (A). INSTITUTIONAL SUPPORT: I. National Small Industries Corporation (NSIC) This was set up in 1955 to promote, care and foster the increase of little scale units in India. Main constraint faced by entrepreneurs is dearth of funds to purchase machinery and equipment. Non handiness of finance, deprives many newfangled entrepreneurs from availing opportunities. NSIC was established to cater to this necessitate of entrepreneur. Main functions of NSIC: 1. It supplies imported machines and raw materials to small industries on easy hire-purchase schemes.
2. It export the products of belittled units.
3. It provides technology to Small Scale Industries.
4. Helps in up gradation to technology.
5. Provides in up gradation of engineering
6. Provides assorted equipment on rent footing.
7. Undertakes construction of industrial estates. II. District Industries Center (DIC) The concept of DIC came during 1977, when Government of India announced the modern Industrial policy on 23rd Dec, 1977. The main objective of DICs is to make available all necessary services at one place. The finance for setting up DICs in a express are contributed evenly by especial submit Govt. and Central Govt. Functions of District Industries Center 1. Act as the focal decimal point of industrialization of the district
2. Identifies projects for setting up of SSI units.
3. Issues permanent registration certificate to SSI units.
4. Provides marketing defend to SSI units
5. Act as a link between the entrepreneurs and the precede trust of zone.
6. Helps businessman in obtaining license from Electricity board, water issue board etc. Govt. Incentives to hilly backward and Rural Areas 1. Power: Some states supply might at a confessional pace of 50 %. 2. Tax holidays: exemption from payment of tax for 5 years. 3. Land and Water: Availability of kingdom at confessional rate. Water is supplied on no net income no passing footing. 4. Octroi: Most of the states have abolished octroi. 5. Protective Measures: The government reserved 800 items for exclusive production by the belittled scale Industries and give precedence in allotment of bare-assed materials and machines. 6. Marketing Assistance:   Government tries to solve their market problem by improving information and in club to provide guarantee for sale of goods.

7. Finance: Subsidy of 10-15 % for building capital asset. Loans are offer datum confessional rates. 8. Sales Tax: In all Union Territories, small industries are exempted from sales tax while some states give exemption of 5 years. III. National Bank for Agriculture and Rural Development (NABARD)
IV. The Rural Small Business Development Centre (RSBDC)
V. Small Industries Development Bank of India (SIDBI)
VI. The National Commission for Enterprises in the Unorganised Sector (NCEUS)
VII. Rural and women Enterpreneurship Development (RWED)
VIII. World Association for Small and Medium Enterprise(WASME)
IX. Scheme of Fund for Re-generation of Traditional Industries (SFURTI)

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