Highlight the role of the government in promotion small business.

Explanation

The contribution of small scale industries are remarkable. Thus, Government has provided the following institutional support to solve the problem of finance and marketing in the small scale sector


(i) National Bank for Agriculture and Rural Development (NABARD)
NABARD was setup in 1982, to promote Integrated rural development. Apart from agriculture, it supports small industries, cottage and village industries, and rural artisans. It provides credit and offers counselling and consultancy services and organises training and development programmes for rural entrepreneurs.


(ii) The Rural Small Business Development Centre (RSBDC)
it was set up by the world association for small and medium enterprises and is sponsored by NABARD. It works for the benefit of socially and economically disadvantaged individuals and groups. It aims at providing management and technical support to current and prospective micro and small entrepreneurs in rural areas.


(iii) National Small Industries Corporation (NSIC) this was set up in 1955 with a view to promote, aid and foster the growth of small business units in the country. Functions of NSIC include


...