1

MICRO AND SMALL SECTOR INDUSTRIES

NTCC PROJECT REPORT

by

NITESH KUMAR
ENROLLMENT
NO:-
A36106417020
Amity School of
Business
Amity University
Jharkhand
Ranchi
April
2019
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AMITY UNIVERSITY JHARKHAND

PROJECT REPORT-2019

PROJECT TITLE: MICRO AND SMALL SECTOR INDUSTRIES

PROGRAMME: BBA
SEMESTER: 4
NAME OF STUDENT: NITESH KUMAR
ENROLLMENT NO: A361064107020
BATCH: 2017-2020
DURATION: 33 DAYS
NAME OF GUIDE: Ms. JULIE VARDHAN

INTERNAL GUIDE STUDENT

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DECLARATION BY THE CANDIDATE

I hereby declare that the matter in the project report entitled “MICRO AND SMALL
SECTOR INDUSTRIES” submitted to Ms. JULIE VARDHAN, Assistant Professor,
Amity University Jharkhand is a bonafide and genuine research project under the guidance
of JULIE Mam. The work done in the report is original and has not been submitted for the
award of any degree, diploma of fellowship of any other university or institution.

DATE: 25/04/2019

NAME: NITESH KUMAR

ENROLLMENT NO: A36106417020

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CERTIFICATE BY THE GUIDE

This is to certify that the report entitled “MICRO AND SMALL SECTOR INDUSTRIES”
is a bonafide research work carried out by NITESH KUMAR, which is submitted in partial
fulfillment for the award of the degree of BBA in the Amity University Jharkhand.

DATE: 25/04/2019 PROF. JULIE VARDHAN

PLACE: RANCHI, JHARKHAND

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ACKNOWLEDGEMENT

I would like to thank Ms. JULIE VARDHAN for giving me such interesting and challenging
topic to carry out my experimental research project.

I would like to thank ma’am for helping me, guiding me by providing me by relevant and
important concepts and other important data regarding my experimental work.
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ABSTRACT

Micro, Small and Medium Enterprises constitute the backbone of an economy in maintaining
an appreciable growth rate and in generating employment opportunities. This sector has been
regarded as engine of economic growth and social development in many developed and
developing countries. Contribution of MSMEs to the Indian economy in terms of
employment generation, containing regional disparities, fostering equitable economic growth
and enhancing export potential of the country has been quite phenomenal. Despite some
infrastructural deficiencies and challenges like flow of institutional credit and inadequate
market linkages, this sector has registered remarkable success with regard to increase in
number, quantum of investment, scale of production and overall contribution to national
GDP. The study makes an attempt to focus on the huge growth potential and opportunities
available in India for development of MSME sector, to identify important issues and
challenges and offer suggestions to address the same. The concept of Micro, Small and
Medium Enterprises (MSMEs), including khadi and village/rural enterprises, credited with
generating the highest rates of employment growth, account for a major share of industrial
production and exports. They also play a key role in the development of economies with their
effective, efficient, flexible and innovative entrepreneurial spirit. The socio-economic
policies adopted by India since the Industries (Development and Regulation) Act, 1951 have
laid stress on MSMEs as a means to improve the country’s economic conditions. In this
project a detailed analysis made to covers the performance and growth of MSMEs in India.
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Table of contents

CHAPTER TOPIC PAGE NO.

NO.

1 1.1Introduction 8-13

2 Research Methodology 14-18

3 Data Analysis 19

4 Result and Findings 20

5 Issues and Challenges 21

6 Conclusion 22

7 References 23
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CHAPTER-1

1.1INTRODUCTION

The small scale industrial sector comprising micro and small enterprises (previously known
as tiny and small industrial sector) has been recognized as an engine of growth all over the
world. This sector is characterized by low investment requirement, operational flexibility,
location wise mobility, and import substitutions. They have been the prime mover of
industrial development in many developed economies. The small scale industrial units are the
roots and fruits of economic activities. They provide way of life to more number of people.
With less amount of capital investment, this sector contributes more towards GDP, provides
more employment opportunities, offers unique product and service offerings, and serves
customers with personal attention. Though the large and medium types of industries make the
infrastructure and skeleton of an economy, the blood, flesh and skin of a flourishing economy
is made up of small scale industrial units.

1.1SMALL SCALE INDUSTRIES (SSI) IN INDIA

Small scale industries have made considerable contribution to the socioeconomic
development of almost all the countries including India. In our country, the increasing
pressure of population and unemployment has made this contribution even more significant.
In India, ever since the days of Mahatma Gandhi, the small scale industry movement has
been largely regarded as a vehicle for uplifting the weaker sections of the population whether
it is handloom weavers, handicraft workers, rural women spinning at home, the rural artisans
or the urban craftsmen-all of them look to specific support in being able to compete with the
modern industrial sector. The small scale industry is phenomenal in our country that it has
started thinking global in the wake of liberalization in the 90s.

Micro, small and medium enterprises (MSMEs) in India and abroad have demonstrated
considerable strength and resilience in maintaining a consistent rate of growth and
employment generation during the global recession and economic slowdown. Indian
economy during the recent years has shown an appreciable growth performance by
contributing to creation of livelihood opportunities to millions of people, in enhancing the
export potential and in increasing the overall economic growth of the country. Prompt and
appropriate fiscal stimulus, effective monetary policy and huge capital inflows were greatly
instrumental in the bounce back situation of the economy. As a catalyst for socio-economic
transformation of the country, the MSME sector is extremely crucial in addressing the
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national objectives of bridging the rural-urban divide, reducing poverty and generating
employment to the teeming millions.

It is therefore, essential that India adopts a suitable policy framework that provides the
required impetus to seize the opportunities and create an enabling business environment in
order to keep the momentum of growth and holistic development. It is equally important that
the MSME sector must address the infrastructural deficiencies and is well empowered to
meet the emerging challenges for its sustainable growth and survival in a globally
competitive order.

The Micro, Small and Medium Enterprises (MSMEs) have been accepted as the engine of
economic growth and for promoting equitable development. The major advantage of the
sector is its employment potential at low capital cost. The labour intensity of the MSME
sector is much higher than that of the large enterprises. The MSMEs constitute over 90% of
total enterprises in most of the economies and are credited with generating the highest rates
of employment growth and account for a major share of industrial production and exports. In
India too, the MSMEs play a pivotal role in the overall industrial economy of the country. In
recent years the MSME sector has consistently registered higher growth rate compared to the
overall industrial sector. With its agility and dynamism, the sector has shown admirable
innovativeness and adaptability to survive the recent economic downturn and recession.

As per available statistics (4th Census of MSME Sector), this sector employs an estimated
59.7 million persons spread over 26.1 million enterprises. It is estimated that in terms of
value, MSME sector accounts for about 45% of the manufacturing output and around 40% of
the total export of the country (Fourth All India Census of MSMEs, 2006-2007, Govt. of
India, New Delhi). The micro, small and medium enterprises (MSME) sector contributes
significantly to the manufacturing output, employment and exports of the country. It is
estimated that in terms of value, the sector accounts for about 45% of the manufacturing
output and 40% of the total exports of the country. The sector is estimated to employ about
59 million persons in over 26 million units throughout the country. Further, this sector has
consistently registered a higher growth rate than the rest of the industrial sector. There are
over 6000 products ranging from traditional to high-tech items, which are being
manufactured by the MSMEs in India. It is well known that the MSME sector provide the
maximum opportunities for both self-employment and jobs after agriculture sector.
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Small scale industries in India and abroad exhibited considerable robustness and pliability in
maintaining an unswerving rate of growth and employment generation during the global
recession and economic slowdown. The Indian economy during the current fiscal years has
shown considerable growth performance by contributing to create livelihood opportunities to
millions of people, in magnifying the export potential and in increasing the overall economic
growth of the country. As a catalyst to the socioeconomic transformation of the country, the
SSI sector distinctly crucial in addressing the national objective of bridging the rural urban
divide, mitigate poverty and generating employment for the admirable community of the
country. SSI sector comprises almost about 80% of the total industrial units in the country. In
India SSIs occupy 36 million units, contribute to 45% of industrial production, 40% to the
export sector through more than 6000 products ranging from traditional to high-tech and
provides employment to about 80 million persons. Therefore the small scale industries (SSI)
in a developing country like India occupy a special place in the industrial structure. In view
of the vast potential of small scale industries, the government has given this sector an
important place in the framework of Indian economic planning for economical as well as
ideological reasons.

Despite significant contribution to economic growth, MSMEs face several bottlenecks

inhibiting them from achieving their full potential. A major obstacle for the growth of
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MSMEs is their inability to access timely and adequate finance as most of them are in niche
segments where credit appraisal is a major challenge.

According to International Finance Corporation (IFC) estimates, the potential demand for
India’s MSME finance is about US$ 370 billion as against the current credit supply of US$
139 billion, resulting in a finance gap of US$ 230 billion (equivalent to 11% of GDP) in
comparison to a finance gap of US$ 5.2 trillion (19% of GDP) for the group of developing
countries.

As noted earlier, MSMEs face constraints in accessing credit through formal channels
because of their nature of operations. About 97% of MSMEs operate in the informal sector.
In value terms, the share of informal sector in gross output of MSMEs is about 34%. As per
National Accounts Statistics 2012, the share of informal (unregistered) sector manufacturing
MSMEs in total GDP is estimated at around 5%. A large number of these firms depend on
informal channels because of easy accessibility and availability of credit without any
documentation hassles and mortgages, even though the rate of interest on such loans may be
very high. The challenges faced by MSMEs in accessing finance are due to lack of
comprehensive formal documentation relating to accounts, income and business transactions.
As a result, loans are provided to the MSMEs mainly through appraisal of their collaterals
rather than assessing their true business potentials. Further, banks do not trust start-ups, view
such loans as risky and thus do not prefer extending finance to MSMEs. All these
observations suggest that there could be potentially large long-run benefits from
formalisation of MSMEs.
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Characteristics of Small-Scale Industries:

(i) Ownership:
Ownership of small scale unit is with one individual in sole-proprietorship or it can be with a
few individuals in partnership.

(ii) Management and control:

A small-scale unit is normally a one man show and even in case of partnership the activities
are mainly carried out by the active partner and the rest are generally sleeping partners. These
units are managed in a personalised fashion. The owner is activity involved in all the
decisions concerning business. Both the management and the control generally is with the
owner/owners. So the owner is actively involved with the daily running of the business.

(iii) Area of operation:

The area of operation of small units is generally localised catering to the local or regional
demand. The overall resources at the disposal of small scale units are limited and as a result
of this, it is forced to confine its activities to the local level.

(iv) Technology:
Small industries are fairly labour intensive with comparatively smaller capital investment
than the larger units. Therefore, these units are more suited for economics where capital is
scarce and there is abundant supply of labour. So their dependence on technology is pretty
limited.

(v) Gestation period:

Gestation period is that period after which teething problems are over and return on
investment starts. Gestation period of small scale unit is less as compared to large scale unit.

(vi) Flexibility:
Small scale units as compared to large scale units are more change susceptible and highly
reactive and responsive to socio-economic conditions. They are more flexible to adopt
changes like new method of production, introduction of new products etc. and keep carrying
on. Large industries do not have this advantage.

(vii) Resources:
Small scale units use local or indigenous resources and as such can be located anywhere
subject to the availability of these resources like labour and raw materials. This also helps the
economy with better utilization of natural resources and less wastage.
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(viii) Dispersal of units:

Small scale units use local resources and can be dispersed over a wide territory. The
development of small scale units in rural and backward areas promotes more balanced
regional development and can prevent the influx of job seekers from rural areas to cities.
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CHAPTER-2

2.1 LITERATURE REVIEW

Now in India, the small enterprises in the manufacturing sector are defined in terms of
investment in plant and machinery (excluding land and buildings), and further classified into
micro, small and medium enterprises.

In accordance with the provisions of Micro, Small & Medium Enterprises Development
(MSMED) Act, 2006, the Micro, Small and Medium Enterprises (MSME) are classified into
two groups

 Manufacturing Enterprises
 Service Enterprises

The limit for investment in plant and machinery / equipment for manufacturing / service
enterprises, as notified, vide S.O. 1642(E) dtd.29-09-2006 is as under:

MICRO ENTERPRISE:

A micro-enterprise is one where the investment in plant and machinery (the original cost
excluding land, building and items specified by the Ministry of MSME in its notification
No.S.O.1722 (E) dated october 5, 2006) does not exceed Rs.25 lakh.

SMALL ENTERPRISE:

A small enterprise is one where the investment in plant and machinery (see above) is more
than Rs.25 lakh but does not exceed Rs.5 crore.

MEDIUM ENTERPRISE:

A medium enterprise is one when the investment in plant and machinery (see above) is more
than Rs.5 crore but does not exceed Rs.10 crore. The definition of MSMEs in the service
sector is:

 Micro-enterprise: investment in equipment does not exceed Rs.10 lakh.

 Small enterprise: investment in equipment is more than Rs.10 lakh but does not
exceed Rs.2 crore
 Medium enterprise: investment in equipment is more than Rs.2 crore but does not
exceed Rs.5 crore.
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(a) MANUFACTURING ENTERPRISES

The enterprises engaged in the manufacture or production of goods pertaining to any industry
specified in the first schedule to the Industries Development and Regulation Act, 1951) or
employing plant and machinery in the process of value addition to the final product having a
distinct name or character or use. The manufacturing enterprises are defined in terms of
investment in plant & machinery.

(b) SERVICE ENTERPRISES

The enterprises engaged in providing or rendering of services and are defined in terms of
investment in equipment.

The last revision was with the enactment of the MSME Act, 2006 and the definition is a part
of the Act. The Act defined the MSME sectors overwriting the earlier concept of small-scale
industries of India.
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The current classification marks enterprises in manufacturing sector with an investment in

plant and machinery of up to Rs 25 lakh as micro, up to Rs 5 crore as small and up to Rs 10
crore as medium enterprises. Similarly, the limits for enterprises providing services are set at
Rs 10 lakh, Rs 2 crore and Rs 5 crore for micro, small and medium enterprises, respectively.

2.2 MSMEs IN INDIA AT PRESENT

(i) MANUFACTURING ENTERPRISES

The manufacturing enterprise are defined in terms of investment in plant &
machinery. The enterprises engaged in the manufacture or production of goods
pertaining to any industry specified in the first schedule to the Industries
Development and Regulation Act, 1951) or employing plant and machinery in the
process of value addition to the final product having a distinct name or character or
use.
(ii) SERVICE ENTERPRISES
The enterprises engaged in providing or rendering of services and are defined in
terms of investment in equipment.
The promotion of small-scale industrial (SSI) sector becomes inevitable to countries
like India due to its inherent strength such as low capital intensity, short gestation
period, the high employment potential, capacity to induce dispersal of industrial
activities and widening of the entrepreneurial base. Advancements in social,
economic and cultural life of human beings in the previous and current centuries
brought a significant improvement in the way people think and live. The dawn of
information age brought a notable change in the way goods, service and ideas are
created, delivered and consumed by the people. In the industrial world at present,
more and more manufactures try to communicate and convince more and more
consumers. The complexity and peculiarities of the industrial, commercial, economic
and government activities reach new peaks the manufacturers and consumers are
found in all parts of the world, stretching beyond the national boundaries. This
warrants more innovative way of doing business in the 21st century.
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2.3MINISTRY OF SMALL SCALE INDUSTRIES

The Ministry of Small Scale Industries (SSI) is a defunct Indian government ministry. It was
merged with the Ministry of Agro and Rural Industries to form the Ministry of Micro, Small
and Medium Enterprises. The ministry was tasked with the promotion of micro and small
enterprises (MSEs). The Ministry of Small Scale Industries and Agro and Rural Industries
(SSI&ARI) was created in October 1999. In September 2001, the ministry was split into the
Ministry of Small Scale Industries (SSI) and the Ministry of Agro and Rural Industries (ARI).

The Ministry of Small Scale Industries merged with the Ministry of Agro and Rural
Industries to form the Ministry of Micro, Small and Medium Enterprises in 2007. The Small
Industries Development Organization (SIDO) was under the control of the ministry, as was
the public sector undertaking National Small Industries Corporation Limited (NSIC).

The small scale industrial units though seem to be small, when considered individually, have
emerged as a dominant force that directs the growth of the economy of a country. The
contributions of the small scale industry in different economies, in terms of share to total
establishment, share of output, share of employment and share of export.

The fast growth of production, transport and communication technologies paved the way for
the development of various industries at different levels of operation. Increase in population
and industrial activities in different countries lead to the formation of industrial units of all
sizes, namely, large, medium, small and micro.

Primarily, depending on the level of operation, the industrial units are classified under three
sectors, namely, large scale, medium scale and small scale sector. For the purpose of such
classification different countries follow different yardsticks. In Indian context, a small scale
enterprise is broadly defined in terms of the value of investment in fixed assets in plant and
machinery, whether held on ownership terms, on lease, or in hire purchase, is Rs. 25 Lakhs to
Rs. 5 Crore in case of manufacturing units and Rs. 10 Lakhs to Rs. 2 Crore in case of service
units.
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CHAPTER-3

3.1RESEARCH METHODOLOGY:

Only secondary data is taken into consideration for purpose of the study. The relevant
secondary data is collected from the publication of Ministry of Micro, Small and Medium
Enterprises, journals, Government of India published by Reserve Bank of India and
Handbook of Statistics on Indian Economy. For the study research, there was need of some
basic information. This information was collected from different agencies like institutions,
District industrial centre, hand books of statistics, district planning centre, factory owners
association, etc. They are known as subsidiary or secondary source of information. This
information may be in the form of published or non-published data, articles, researcher paper,
etc.

3.1.1. DATA COLLECTION METHODS :- Data collection is a process of

collecting information from all the relevant sources to find answers to the research problem,
test the hypothesis and evaluate the outcomes. Data collection methods can be divided into
two categories: secondary methods of data collection and primary methods of data collection.

 SECONDARY METHODS :- Secondary data is a type of data that has already

been published in books, newspapers, magazines, journals, online portals etc. There is
an abundance of data available in these sources about your research area in business
studies, almost regardless of the nature of the research area. Therefore, application of
appropriate set of criteria to select secondary data to be used in the study plays an
important role in terms of increasing the levels of research validity and reliability.

These criteria include, but not limited to date of publication, credential of the author,
reliability of the source, quality of discussions, depth of analyses, the extent of
contribution of the text to the development of the research area etc.
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 PRIMARY METHODS :- Primary data collection methods can be divided into

two groups: quantitative and qualitative.

3.2.QUANTITATIVE STUDY:

Quantitative data collection methods are based in mathematical calculations in various

formats. Methods of quantitative data collection and analysis include questionnaires with
closed-ended questions, methods of correlation and regression, mean, mode and median and
others.

Quantitative methods are cheaper to apply and they can be applied within shorter duration of
time compared to qualitative methods. Moreover, due to a high level of standardisation of
quantitative methods, it is easy to make comparisons of findings.

Qualitative research methods, on the contrary, do not involve numbers or mathematical

calculations. Qualitative research is closely associated with words, sounds, feeling, emotions,
colours and other elements that are non-quantifiable.

Qualitative studies aim to ensure greater level of depth of understanding and qualitative data
collection methods include interviews, questionnaires with open-ended questions, focus
groups, observation, game or role-playing, case studies etc.

Your choice between quantitative or qualitative methods of data collection depends on the
area of your research and the nature of research aims and objectives.
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CHAPTER-4
4.1 DATA ANALYSIS:
According to United Nations Industrial Development Organization, UNIDO, SME contribute
to over 55% of GDP and over 65% of total employment in high income countries. SMEs
account for over 60% of GDP and over 70% of total employment in low income countries.
They contribute about 70% of GDP and 95% of total employment in middle income
countries.4 In the last decade of 20th century, SSI sector contributed 7% to India’s GDP.

In marketing the products and services, the small scale industrial units face many difficulties
like, lack of customer awareness, adoption of latest marketing techniques, availability of
adequate finance to support marketing, dissemination of information on product offerings to
customers, higher price due to increased cost of products due to small scale production.

It is estimated that this sector has been contributing about 40% of the gross value of output
produced in the manufacturing sector and the generation of employment by the small-scale
sector is more than five times to that of the large scale sector. This clearly shows the
importance of small scale industries in the economic development of the country.

The small scale industries have been playing an important role in the growth process of
Indian economy since independence inspite of stiff competition from the large sector and not
very encouraging support from the government.
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4.2RESULTS AND FINDINGS

The Report of Prime Minister’s Task Force on Micro, Small and Medium Enterprises,
Government of India, January 2010 states SSI units contribute 8 per cent of the country’s
GDP, 45 per cent of the manufactured output and 40 per cent of our exports. The total
number of working enterprises, including unregistered units, during the year 2006-07 was
2,61,00,797. It provided employment to 6,03,22,199 Units. Of them, 15,52,490 units were
registered and made a gross output of Rs.7,09,397,613 Crores.

In the liberalized economy, the small scale industrial units need to strive hard to compete and
succeed as against large enterprises. They face a series of challenges from production,
marketing, financing, administration and growth point of view. A business has two and only
two basic functions: Marketing and Innovation. Marketing and Innovation produce results, all
the rest are costs. Marketing is the core business activity that makes a business unique among
the various activities of human beings.

Marketing is the crucial area where small scale industrial units face many problems relating
to supply to the government departments, procurement of raw materials at right cost, storage,
display accessing international market.
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CHAPTER-5

5.1 ISSUES AND CHALLENGES:

In spite of expedient contribution by the SSIs towards the Indian economy, SSIs does not get
the indispensable support from the concerned Government departments, financial institutions,
\789+Banks, credit societies and corporate thus the SSIs are becoming handicap in the face of
competition at national and international markets. The major problems faced by the SSIs are
discussed below:

1. Scanty credit assistance

Scanty and timely supply of credit is one of the major problems faced by SSIs in India.
Scarcity of finance and weak creditworthiness is the main barrier for the development of SSIs
in India. The creditworthiness of these small borrowers is generally weak and therefore they
face unwilling creditors who may be persuading to lend only at high rate of interest.

2. Uneven and poor quality of raw material

SSI units face extreme problems in procurement of raw materials whether from local or
international market. The problems arise due to absence of sufficient quantity of raw
materials, poor quality of raw material at exorbitant price. The entrepreneur of SSI units has
lack of knowledge about the procurement from foreign market. Large scale industries enjoy
economies of large scale operation hence can procure the quality raw material at very
reasonable price, thus can sell the products at cheaper price as compared to SSIs.

3. Absence of organised marketing process

SSI units do not have any organised marketing process and even does not appoint any
marketing organisation for marketing of products or services and hence their products
compare unfavourably with the quality of the products of large scale industries. They suffer
competitive disadvantages in comparison to large scale industries, as large scale industries
infuse large amount of money on branding and promotion activities.

4. Inadequate infrastructure
Inadequate infrastructure is a major problem for the SSI units to grow and prosper. Most of
the SSI units are located in semi urban, urban and rural areas where the power supply is
inadequate to run big machines, several times power cut off, and poor road connectivity.
 23

CONCLUSION

The furtherance and advancement of SSIs is essential for the development of Indian economy
to achieve impartial distribution of income and wealth, economic self-dependence and
economic sustainable developments. To boost the SSI sector so that it can take deserved
place in the growth mechanism of Indian economy, it is essential to support MSMEs by
educating them to make optimum utilisation of inbuilt capacity to be successful both under
human and economic activity. Some appropriate measures to be taken by the government in
providing financial assistance at minimum formalities, a platform to be built by government
to help the MSMEs in procurement of quality raw material and train them for organised
marketing process.

Every industrial and business organization needs to face the challenges and opportunities in
its industry especially after globalization. It has the responsibility of developing country’s
economy. While analyzing the sector wise contribution to Indian Economy, Food products
and beverages, Apparels, textiles and others such as retail trade, online trade, homemade
products those which are significant contributing sectors to Indian GDP.

MSMEs over the years have assumed greater significance in our burgeoning national
economy by contributing to employment generation and rural industrialization. This sector
possesses enough potential and possibilities to pushbutton accelerated industrial growth in
our developing economy and well poised to support national program like ‘Make in India’.
This sector has exhibited enough resilience to sustain itself on the strength of our traditional
skills and expertise and by infusion of new technologies, capital and innovative marketing
strategies.
Appropriate strategies should be evolved for creation of an enabling ecosystem where these
enterprises are able to access the benefits meant for themselves under a formal and friendly
ecosystem and are further capable of meeting the emerging challenges of a globally
competitive order.
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REFERENCES

1. R.K.Jena Director, DGCI&S (2000) ‘‘Small scale industries in the path of growth and
promoting exports’’
2. Dr. P Chinnurappa ‘’Role and contribution of small scale industries in economic
development in India’’, International journal of academic research and development,
Vol-2, Issue-4, July 2017
3. Sangita G.Patil & Dr. P.T. Chaudhari “Problems of small scale industries in India”,
International journal of engineering and management research, Vol-4, issue-2, April-
2014
4. K.B.Dhore (1995) ‘‘Opportunities and challenges for small scale industries of India in
a global economy’’, The business and management review, Vol-5, issue-4, January-
2015
5. LahiriRajib (Sept. ; 2012), Financing Micro, Small and Medium Enterprises
(MSMES) In India during Post Liberalization Period: A Study on Traditional and
Unconventional Approaches of Financing: Indian Streams Research Journal, Vol.2,
Issue 8.
6. Sandesara, J.C. (1993) “Modern Small Industry, 1972 and 1987-88: Aspects of
Growth and Structural Change.” Economic and Political Weekly, Vol.28 No. 6.
 25

Student Name: NITESH KUMAR

Enrol No: A36106417020

Program: BBA, Sem-IV, Batch: 2017-2020

Title: MICRO AND SMALL SECTOR INDUSTRIES

NTCC Weekly Progress Report (Major Project); Wk. No: 1 Duration: 33 days

DAYS / Date Summary

MON / 25-03-19 Got the topic “MICRO AND SMALL SECTOR INDUSTRIES”

TUE / 26-03-19 Surfed on the web about THE MICRO, SMALL AND MEDIUM
ENTERPRISES (MSME)

WED / 27-03-19 Watched videos on YouTube and discussed with my group

THU / 28-03-19 Gone through the different sites to increase the concept & knowledge on
MSME

FRI / 29-03-19 Thinking about what increases the potential

SAT / 30-03-19 Searching for relevant pictures

(Student Signature with Date) (Faculty Guide Signature with Date)

 26

NTCC Weekly Progress Report (Major Project); Wk. No: 2 Duration: 33 days

Summary
DAYS / Date
Searched about role of MSME in India.
MON / 31-03-19

TUE/ 01-04-19 Got to know about importance of MSME

WED / 02-04-19 Learnt about how to be happy and positive during failure

THU / 03-04-19 Got to know about importance of MSME

FRI / 04-04-19 Started working on my NTCC project file

SAT / 05-04-19 Discussed with my faculty

(Student Signature with Date) (Faculty Guide Signature with Date)

 27

NTCC Weekly Progress Report (Major Project); Wk. No: 3 Duration: 33 days

DAYS / Date Summary

MON / 06-04-19 Reading books relevant to my MSME

TUE/ 07-04-19 Researching about MSME and its types

WED / 08-04-19 Noting the points as well as the information related to MSME

THU / 09-04-19 Surfed the web about the Risks and challenges of MSME

FRI / 10-04-19 Getting the examples of optimist people.

SAT / 11-04-19 Surfed the web about the MSME.

(Student Signature with Date) (Faculty Guide Signature with Date)

 28

NTCC Weekly Progress Report (Major Project); Wk. No: 4 Duration: 33 days

DAYS / Date Summary

MON / 12-04-19 Got the information about the MSME and its role.

TUE/ 13-04-19 Note down the MSME effects.

WED / 14-04-19 Risks and Challenges of MSME

THU /15-04-19 Role of MSME in our life.

FRI / 16-04-19 Finished the topic about MSME

SAT / 17-04-19 Getting the extra information about MSME.

(Student Signature with Date) (Faculty Guide Signature with Date)

 29

NTCC Weekly Progress Report (Major Project); Wk. No: 5 Duration: 33 days

DAYS / Date Summary

MON / 18-04-19 Noting the points relevant to happiness in life.

TUE/ 19-04-19 Getting the pictures relevant to the topic.

WED / 20-04-19 Surfed the about the MSME and its importance.

THU /21-04-19 Studies from web about the people being happy and its effect.

FRI / 22-04-19 Putting in the sequence about MSME.

SAT / 23-04-19 Writing about the MSME and concluding the topic.

(Student Signature with Date) (Faculty Guide Signature with Date)

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NTCC Weekly Progress Report (Major Project); Wk. No: 5 Duration: 33 days

DAYS / Date Summary

WED / 24-04-19 Re-checking the project and rectifying the errors.

THU/ 25-04-19 Project is finally completed and ready for the submission.

FRI / 26-04-19 Project is submitted successfully

(Student Signature with Date) (Faculty Guide Signature with Date)