Programme for promotion of Village Industry and MSE Cluster - Rural Industry Service Centre (RISC) -A Key Driver for Development of Khadi and Village industry and MSE

Author: Babli Chauhan* Assistant Professor, Department of Commerce, S.P.C. (PG) Degree College, Baghpat Email address: bablichauchan67@gmail.com

Abstract:
Worldwide, village micro and small enterprises (MSEs) have been accepted as the engine of economic growth and for promoting equitable development. In India, village and MSEs play a pivotal role in the overall industrial economy of the country. It is estimated that in terms of value, the sector accounts for about 39 per cent of the manufacturing output and around 33 per cent of the total exports of the country. In recent years, the village and MSE sector has consistently a registered higher growth rate compared to the overall industrial sector. The major advantage of the sector is its employment potential at low capital cost. As per available statistics, this sector employs about 31 million persons spread over 12.8 million enterprises and the labour intensity in the village and MSE. This sector is estimated to be almost four times higher than the large enterprises. In India, the funding of micro enterprises is aligned with SHGs. Programme for promotion of village Industry Cluster-Rural Industry Service Centre (RISC) really a key for the development of Khadi and village industry. The author in this paper indicates the various facts regarding RICS.

Keywords:Micro and Small Enterprises (MSEs), khadi and cottage industries, village industries, Rural Industry Service Centre (RISC).

DOI:

International Journal of Trade & Commerce (Vol: 2 Issue:1)