Current Affairs

August 30, National Small Industry Day:

August 30, National Small Industry Day:

To recognise the value of small industries and businesses that are existing in India, National Small Industry Day has been celebrated on August 30 every year.

Objective of celebrating National Small Industry Day

The objective of celebrating National Small Industry Day every year is. to encourage the people who are running small businesses across the country and to acknowledge their efforts.

The other objective is to offer job opportunities for jobless.

Importance of Small scale sector

In the economic growth of developing country like India, small scale sectors plays important part. Special emphasis has been placed on its development, considering the relevance of these sectors. Thus, the government policy assistance for small industry trend had been beneficial and favourable for the growth of small scale enterprises.

Ministry of SSI – Designate August 30 as SSI Day

On August 30, 2000, Ministry of Small Scale Industries had launched a comprehensive policy package for SSI Sector. For small firms in India, this policy provides significant support and the Ministry subsequently agreed to designate SSI Day on August 30.

On August 30, 2001 in New Delhi, SSI Convention for SSI Entrepreneurs and presentation of National Awards functions was held by the Ministry. The function was divided into three parts as Inauguration, Distribution of Awards and Open House Discussion.

Significance of this day

In order to help people find work, Central Government had made several efforts to establish small scale enterprises across India. It also helps in equitable allocation of economic power.

Small businesses were labour intensive and units of capital were higher in them, in rural and urban regions, this day was marked to emphasise the importance of small scale enterprises in creating work opportunities for individuals.

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August 30, National Small Industry Day: