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Government concessions for SSI
1. Reservation of Items:
Many products are reserved for exclusive manufacturer by the SSI sector. Which protects SSI sector from the competition of large and medium sectors.
2. Reservation of product for purchases made by Government
Reservation of products for exclusive purchase by government departments and public sector undertakings from SSI
3. Price Preference:All government departments and public sector undertakings offers price preference to SSI units in all purchases made by them.
4. Telephone Connections:Priority for telephone connections for SSI on the basis of recommendations made by DIC of district in which the unit is situated.
5. Financial incentives:
State govt. offers incentives to SSI units in the form of
capital Investment subsidy and Sales Tax exemption
ect…
6. Infrastructural Facilities: are developed by state
government and financial institutions in industrially
backward areas to facilitate the location of industries in
these areas
7. Marketing Assistance:
National Small Scale Industries Corporation has
been advised to concentrate on the marketing of
mass consumption product under a common
brand.
8. Export Promotion:
SIDO has been recognized as a agency for
supporting SSI in export promotion. It provides
assistance for handling, clearing, insurance,
publicity, freight ect…
9. Financial Assistance:
-Term loans and working capital from state level financial institutions and banks.
-Equity capital from SBI, IDBI, SIDBI (Small Industries Development Bank Of India) it helps in setting up a new unit, expansion, diversification, modernization ect…
-NSIC National Small Industries Corporation Ltd. (NSIC) provides machineries on hire purchase basis, technology assistance facilities and also helps in export marketing of the products of SSIs.
10. Testing Centers:
Central Govt. and state govt. has testing centers. Such as
- Product-cum-process-development centers (PPDCs):
Functions Research and developmentProduct design and innovationProduct and process improvementManpower development and training
11. Fiscal Incentives:Excise Concession: depending on the turnover of the company.Integrated infrastructural development: infrastructural facilities
in rural areas.Quality certificationTechnology development fund from state government and
industries association.
12. Credit policiesRefinance facilitiesConcessional rate of interestLoan facilities under prime minister rozgar yojana