ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Small Man s Jeeves

The Small Man's Jeeves THE disadvantages of smallness which a small-scale unit suffers from in comparison with large-scale units quite often relate not to production but to procurement, marketing and financing. Disabilities in respect of availability of finance are sought to be removed through the special institutions established to finance small industries and through greater official pressure on banks to finance these industries. The Maharashtra State Small-Scale Indus' tries Development Corporation was set up to help small industries mainly with problems of marketing and procurement of raw materials and capital equipment, though it performs some financing functions as well For an institution which is just six years old, the Corporation has been able to undertake an impressive variety of service functions for small industries. It began with procurement and distribution of raw materials, supply of machinery on hire-purchase, participation in Government purchase programmes and exports of products of small industries. It then evolved a scheme for equity participation in small units. Next, development of small units as ancillaries to large-scale industries was undertaken. The Corporation also entered into sole selling agency arrangements on behalf of small units. Lately it has taken up the marketing of consumer products produced by small units. Last year it also evolved a scheme to consolidate import licences of small value obtained by small units and to arrange for bulk imports on their behalf. The turnover of the Corporation in respect of its various marketing functions totalled Rs 8.21 crores in 1967-68 as against Rs 2.81 crores in the previous year. Sales of raw materials accounted for the bulk of the turnover (Rs 6.17 crores), while the marketing of small units' products contributed Rs 1.97 crores. Exports were a modest Rs 6 lakhs.

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