A

Micro Project Report On

“SMALL SCALE INDUSTRY”

Submitted By,

Mr. YASH NANDKISHOR NIKAM

[Enrollment No: 2000790412]

Under Guidance Of

Mrs.M.M.Wagh

Department of Electronic And Telecommunication

Shri H.H.J.B Polytechnic

Chandwad (Nashik) 423101

[2022-2023]
 Maharashtra State Board of Technical Education

Certificate

This is to certify that Mr. Yash Nandkishor Nikam with Roll No:10 has
successfully completed Micro-project in course Management(22509) for
the academic year 2022-23 as prescribed in the 'Assessment Manual'
during his/her tenure of completing Sixth Semester of Diploma Program
in Electronic and Telecommunications Engineering from institute, Shri.
H.H.J.B Polytechnic with institute code 0079.

Place: Chandwad Enrollment No: 2000790412

Date: / /2022 Exam Seat No:

Course Teacher Head of the Department Head of the Institute

  Aims/Benefits of the micro project

The aim of this course is to help the student to affined following

industry identified competency through various teaching learning
experience.

 Course outcome addressed.

Develop a project report on study on Small Scale Industry.

 Proposed methodology

In this project we learnt about applying management principles to a

small scale industry.
 Action Plan:

Planned
Sr. No Planned Name of Responsible
Details of Activity Finish
Start Date Team Members
Date
Topic Discussion &
1
Selection
2 Review of Literature

3 Aim/Benefits & Importance

4 Resources Required

5 Analysis of Collected Data Yash Nandkishor Nikam

6 Design of System

12 Compilation of Report

13 Compilation of Presentation

14 Presentation of Seminar

15 Final Submission

Sr Name of
Specification Qty. Remarks
No Resource/Material
Available
1 Hardware Resource Processor i3/HDD-1TB/RAM-8GB 1
2 Software Resource Microsoft Office 2007 1 Available
3 Any Other Resource Printer 1 Available
Resources Required:

Name & Signature of CourseTeacher

(Mrs. M.Wagh)
 INDEX

Sr No. CONTENT PAGE No.

1. ABSTRACT
2. INTRODUCTION
3. CHARACTERISTICS OF SSI
4. OBJECTIVES OF SSI
5. ROLE OF SSI
6. CLASSIFICATION OF SSI
7. PRICIPLES OF SSI

SEVEN ESSENTIAL PRINCIPLES OF SSI

8.
SUCCESS

9. ROLE OF SSI IN INDIAN ECONOMY

10. ADVANTAGES OF SSI
11. DISADVANTAGES OF SSI
12. STEPS TO MANAGE SSI
13. IMPORTANT TIPS TO MANAGE SSI
14. CONCLUSION
 ABSTRACT
Small Scale industries play a key role within the industrial economy
everywhere the world. They contribute considerably to economic
growth, innovation, and employment generation. globalisation, fast
technological changes, and greater competitive pressure ar having a
serious impact on little scale industries round the globe. little scale
industries got to upgrade their organisation strategies to succeed in
money, social and environmental improvement while not giant
investments or in depth changes. the combination of lean and 6 letter
of the alphabet is that the bestresponse to the current challenge.
However, the adoption of lean Six letter of the alphabet in little scale
industries is not widespread due to the worry of high implementation
value and therefore the sequent edges. With the restricted resources to
implement Lean six letter of the alphabet for little scale industries
while not external aid. Essentially the little scale industries ar usually
comprised of these industries that manufacture, manufacture and
render services with the assistance of little machines and fewer
personnel. These enterprises should make up the rules, set by the
govt. of India. The SSI’s ar the lifeline of the economy, particularly in
developing countries like India. These industries ar usually effortful,
and thence they play a very important role within the creation of
employment. SSI’s ar an important sector of the economy each from a
money and social purpose of read, as they assist with the per capita
financial gain and resource usage within the economy.
 INTRODUCTION

Small scale industries comprise of tiny enterprises WHO manufacture

merchandise or services with the assistance of comparatively smaller
machines and a number of employees and workers. Basically, the
enterprise should constitute the rules set by the govt. of Asian nation.
At the nonce such limits ar as follows,
• For producing Units for Goods: Investment in plant and machinery
should be between twenty {five} lakhs and five crores.
• For Service Providers: Investment in machinery should be between
ten lakhs and 2 crores. In developing countries like Asian nation,
these tiny scale industries ar the lifeline of the economy. These ar
usually labor-intensive industries, so that they produce abundant
employment. They additionally facilitate with per capita financial
gain and resource utilization within the economy. they're a awfully
necessary sector of the economy from a money and social purpose of
read.
Characteristics of SSI:-

1. Ownership: SSI’s typically square measure below single

possession. thus it will either be a sole proprietary or generally a
partnership.

2. Management: Generally, each the management and therefore the

management is with the owner/owners. thus the owner is actively
concerned within the every day activities of the business.

3. Labor Intensive: SSI’s dependence on technology is pretty

restricted. thus they have an inclination to use labour and work force
for his or her production activities.

4. Flexibility: SSI’s square measure additional adaptable to their

dynamic business surroundings. thus just in case of amendments or
sudden developments, they're versatile enough to adapt and continue,
not like massive industries.

5. Restricted Reach: Small scale industries have a restricted zone of

operations. Hence, they will meet their native and regional demand. 6.
Resources utilisation: They use native and pronto out there resources
that helps the economy totally utilize natural resources with minimum
wastage.
Objectives of SSI:-

Small enterprises generally aim at enjoying complementary role

within the socio economic found out of a rustic. Its practical
objectives aren't solely business however additionally social.

The basic objectives of small-scale business are:

(i) Providing accumulated employment opportunities on honest and

cheap terms.

(ii) Promoting production of an oversized kind of goods-specially

goods through effortful ways.

(iii) Encouraging adoption of contemporary techniques within the

unorganised ancient sector of the trade while not inflicting any
perceptible technological state.

(iv) Facilitating a good mobilisation of resources of capital and talent

which might have otherwise remained unutilised.

(v) group action the viable little sector with the very important
massive scale-sector.

(vi) Encouraging and supporting the native talent and utilising native
resources to realize native self-reliance.

(vii) Avoiding the issues of unplanned urbanisation of industries,

(viii) guaranteeing a additional evenhanded distribution of the value

Associate in Nursingd a balanced industrial growth in numerous
regions thus on lay down a basis for an primarily localised socio-
economic set-up.

(ix) making a replacement cadre of small-entrepreneurs, skilled and

self used consultants.
(x) Correcting regional disparities in industrial growth through
locational spread of small-enterprises.
Role of Small Scale Industries:-

1)Small Scale industries give Brobdingnagian scope for increasing

employment.

2) They area unit labour intensive and need relatively very little
capital to start out with.

3) They facilitate production of commodity and thus will meet the

demand for shopper merchandise.

4) They facilitate reduction of costs.

5) They accelerate the speed of commercial growth.

6) They facilitate in equitable distribution of national wealth.

Classification of Small-Scale Industries:-

• Small-scale industries are classified into 5 main categories:

a. producing industries-producing articles for direct consumption

also as process industries.
b. sexual union industries-covering light-weight repair retailers
necessary to take care of mechanical instrumentality.
c. Mining or production.
d. Ancillaries-producing elements and parts for light-weight
engineering product cycles, stitching machines, diesel engines,
machine tools, mathematical instruments, workplace and home
instrumentality, electrical appliances, air-conditioners, etc.
Principles of management:-

1. Division of work:- Dividing the complete work of the organization

among people and making departments is named the division of labor.
Division of labor ends up in specialization helps to extend potency
which ends up in enhancements within the productivity and profit of
the organization.

2. Discipline:- Discipline suggests that relevancy the foundations and

rules of the organization. Discipline could also be self-discipline, or it
should be implemented discipline.

3. Unity of command:- in line with this principle subordinate should

have and receive orders from just one superior.

4. Unity of direction:- One head and one arrange for a bunch of

activities with an equivalent objectives. Al activities that have an
equivalent objective should be directed by one manager, and he
should use one arrange. this can be known as unity of direction.

5. Authority and responsibility:- There ought to be a balanced

between authority and responsibility .The right to present orders
ought to be thought of while not regard to responsibility.

6. Scalar chain:- The chain of command, generally known as the

scalar chain, is that the formal line of authority, communications, and
responsibility at intervals a company.

7. Equity:- in line with this principal , manager , ought to treat all

staff with fairness, kindness and justice. this may build staff to be
additional loyal and devoted towards the organization
7 Essential Principles of Small scale industry Success:

1. Associate in Nursing Entrepreneurial mentality To develop a

mentality for achievement, you want to understand that however you
understand your business and your life determines your reality.
Business homeowners with Associate in Nursing entrepreneurial
mentality don't suppose like employee bees. they need many
characteristics that cause them to square get in the gang.
Entrepreneurs don't seem to be born. they're engineered through
constant study and determination. Entrepreneurs square measure
willing to fail to eventually win. They perceive that not each plan
could be a sensible one. there'll be times once you are going to be
doing all your best, however feel annoyed by a scarcity of progress in
your business. each businessperson goes through these troublesome
periods. I actually are there on quite one occasion. it's sometimes like
this that you just got to concentrate on the positive and keep your
optimism operating. The key's to avoid negative thinking.

2. Strict commercial enterprise Discipline Successful business

individuals use budgets and realistic sales projections to run their
businesses. They recognize by the fifteenth of the month however
well their business did financially the month previous. they are doing
not pay cash on travel, events or trade shows that don't seem to be
budgeted. they are doing not rent employees while not have the
money or contracts in situ ahead. They additionally perceive the way
to use a line of credit. They use it fastidiously for short-run money
desires, and not long funding desires like promoting expenses.

3. A coterie of Advisors You will got to develop relationships with

people that square measure already entrepreneurs or different business
people in an exceedingly position to present nice insight into what
you would like to be a business success. it's terribly useful to
additionally embrace a possible consumer in your line conversations.
purchasers will offer valuable insight into budget cycles and current
pain points, and most significantly introduce you to different potential
customers. Keep the corporate of good individuals. typically a
telephone to Associate in Nursing adviser will save heaps of symptom
and cash.

4. A coterie of Advisors You will got to develop relationships with

people that square measure already entrepreneurs or different business
people in an exceedingly position to present nice insight into what
you would like to be a business success. it's terribly useful to
additionally embrace a possible consumer in your line conversations.
purchasers will offer valuable insight into budget cycles and current
pain points, and most significantly introduce you to different potential
customers. Keep the corporate of good individuals. typically a
telephone to Associate in Nursing adviser will save heaps of symptom
and cash.

5. an outlined complete Your complete is that the temperament of

your product, company or service, however what makes the complete
great? you want to shield your complete with the required emblems,
patents and/or copyrights for everything from your brand, colours and
style of your packaging to the invention of a replacement product or
method. Your complete enhances the performance, innovation,
transparency of your company and it's the ability to project a way of
social responsibility outside the corporate.

6. a distinct segment Market Successful little businesses homeowners

perceive that solely a restricted variety of individuals can obtain their
product or service. They solely pursue promoting efforts toward the
precise individuals they're targeting as customers. Having a narrowly
outlined cluster of shoppers is however they’ve engineered their
business.

7. glorious client Service Successful entrepreneurs recognize glorious

client service can keep customers coming.In today’s customer-
oriented business setting, “people skills” square measure important
for little business success. however you handle your customers will
directly have an effect on your company’s performance. robust
businesses offer manuals and employees coaching on the talents
required to speak expertness, gain respect and enhance client
relationships. They additionally use client relationship management
(CRM) software package to trace the worth {of clients|of consumers|
of shoppers} to the business and to manage customer contacts.

8. money Position and sensible Banking Relationship On a every day

basis, prospering entrepreneurs perceive what their money position is
in terms of assets and accounts collectible. they are doing not simply
build deposits and withdrawals. they need a relationship with the
manager and head teller at their bank. They additionally use 2 banks
to form positive that their personal and business assets don't seem to
be situated within the same bank.

Role of Small Scale Industries in the Indian Economy:-

1. Total Production These enterprises account for pretty much four-
hundredth of the full merchandise and services created within the
Indian economy. they're one in all the most reasons for the expansion
and strengthening of the economy.

2. Employment These tiny scale industries square measure a serious

supply of employment within the country. the full labour force cannot
realize add the formal sector of the economy. therefore these labor-
intensive industries offer a keep to an outsized portion of the
personnel.

3. Contribution to Export Nearly 1/2 the products (45-55%) of the

products that square measure exported from Republic of India square
measure created by these tiny enterprises. concerning thirty fifth of
direct exports and 15 August 1945 of the indirect exports square
measure from the little scale industries. therefore India’s export
business majorly depends on these tiny industries for his or her
growth and development.

4. Welfare of the general public Other than economic reasons, these

industries also are vital for the social growth and development of our
country. These industries square measure sometimes started by the
lower or bourgeois public. they need a chance to earn wealth and
worker others. It helps with financial gain distribution and contributes
to social progress.

Advantages Of SSI:-

 Close supervision
  Nature of demand
 More employment
 Need of small capital
 Easy management
 Freedom of work
 External economies
 Direct relation between the workers and the employee
 Direct relation between the customers and the produce

Disadvantages Of SSI:-

 High cost of production

 Wastage of by-products
 Less use of machine
 Lack of division of labour
 Lack of research
 Old techniques
 Costly raw material
 Difficulty in getting loans
 Difficult to face economic crisis

Steps to manage Small Scale Industry:-

 1. Be ready To Grow When you launched your company your
goal was to succeed. whereas your business arrange could have
printed metrics of what that growth would possibly seem like,
actively getting ready for it had been a additional holistic approach.
Be proactive concerning next steps before they happen thus you'll
manage them fitly while not losing your grip on them.

2. Get Your internal control so as It’s straightforward to lose sight

of maintaining quality standards once your company is apace
increasing. Remember, it’s not solely however you’ve given
yourself to your customers, however what you provide that LED to
your success. If you don’t have already got one, place along a team
to possess oversight over your internal systems, development,
producing, etc. the kind of internal control required to succeed is
totally different for every business, thus gear yours to what suits
you and your standards best.

3. remain prime Of rock bottom Line Your profits could look

superb, however if you see a disconnection with the value of doing
business you’ll need to stay a watch thereon increase. There’s
forever a touch risk once moving forward, however you don’t need
to search out yourself outspending what you'll afford to urge to
ensuing level. Keep your eye on the numbers and follow them
consequently. This truly leads US right into step range four.

4. create changes For Growth Keep Associate in Nursing open

mind to those areas which will ought to decrease whereas being
aware of wherever you actually do ought to expand. for instance, to
form a additional economical team you'll ought to add additional
managers, however lose performance reviews. or even you lose
causation out paper memos, however add sensible tablets. creating
the foremost effective shift required to assist you manage your
growth can assist you to remain relevant and economical.

5. kind an excellent Support Team You’ve detected the phrase

“you area unit solely as robust as your weakest link”. enable your
team members to play to their strengths and reward them for it. In
 turn, they'll reward you with unimaginable results and create the
bottom upon that you're growing that way more solid.

6. bear in mind Your Customers Don’t forget that ultimately the

rationale your business is growing is owing to your customers. it's
imperative to stay their desires and wishes in mind as you progress
forward. you'll conjointly embrace them as you expand. absorb
their comments, hear their thoughts and take into account their
suggestions. There area unit lots of cautionary tales of tiny firms
that lost sight of those essential assets and went out of business
owing to it. Keeping your shopper base at the forefront of your
strategy through each revision, growth and discovery can keep you
connected and make sure you gain even additional fans.

Important Tips to manage SSI:-

1. produce a business set up To create a good business set up, define
your business goals and objectives and supply a compendious
description of your business and also the product or services. embody
the main points regarding the market you’re on the point of enter,
your selling and sales plans and your money projections. Review your
business goals often to envision what’s modified, what’s been
achieved, and what has to be revamped.

2. Separate your personal and business finances Since the taxes for
you and also the business ar calculated on an individual basis, it’s
necessary to open separate personal accounts that ar selected for under
business transactions.

3. verify funding needs If you’re beginning a brand new business,

funding the operations of the business is that the upmost priority.
whether or not you’re choosing personal investment, angel
investment, business incubators, bank loans or government grants, it’s
vital to acquaint yourself with the benefits and downsides of those
funding sources furthermore because the criteria they use to guage the
business.

4. Rent the proper folks If you wish your business to thrive, it’s vital
to rent impelled, high-energy trainable people that ar trying to find
success instead of creating a fast buck. As atiny low business owner,
you wish to understand a way to retain valuable staff by giving them
perks like versatile schedules, happy hours and team building
activities.

5. Train your staff Even if you rent the best folks within the world,
it’s aiming to take it slow for them to know the ins and outs of your
business and make out a way to place things along to attain long
goals. this is often why coaching your staff well is important for atiny
low business. produce a coaching set up that creates your staff feel
additional competent and authorised in their jobs.

6. Keep track of your finances When you begin a brand new business,
it’s straightforward to stay track of the cash coming back in and going
out of the business. However, as your business operations grow, this
task will become a headache. this is often why you must either rent a
full-time , on-staff controller or just invest in AN easy-to-use
accounting package that helps you retain track of your finances and
save your precious bucks.

7. Invest in selling In a world wherever brands ar perpetually

competitive for consumers’ attention, tiny businesses have to be
compelled to force their approach before of individuals, show them
one thing valuable and somehow have them hear their pitch. analysis
the various tiny business advertising and selling choices before
selecting a selling model that works best for you and also the
business.

8. Learn to delegate Time management is crucial for little business

homeowners. a neighborhood of managing it slow involves having the
ability to delegate work to those impressive staff you’ve employed
and trained–especially tasks that you just don’t extremely relish doing
or those you recognize you’re not superb at.

Conclusion
 In this project we learnt about the actual management of Small
Scale Industries, we learned about the principles and tips of
management that should be applied to the Small Scale Industries. We
also learned about the role of SSI in Indian Economy, the Steps to
manage Small Scale Industries, Characteristics of SSI, Objectives of
SSI and also saw the Seven essential principles to manage SSI. In this
project we also discussed about some of the advantages and
disadvantages of Small Scale Industries. This Project help us to gain
all the knowledge that is required to manage a Small Scale Industry in
an efficient way. .
 REFERENCES

http://www.managementstudyguide.com/
https://www.udemy.com/course/learn-how-to-design-and-
manage-a-website-in-21-days/
https://in.coursera.org/courses?query=management