By the following ways the small scale industries can contribute to the socio-economic development of India-

(i) Increasing output: By increasing output, the small scale industries can contribute to the socio-economic development of India. Because, the products of small scale Industries can meet a significant part of demand of commodities of Indian market.

(ii) Employment Generation: By the small scale industries, India can provide a great employment opportunities. Next to agriculture, the small Industries can provide the employment generation. Even as

compared to large industries the small scale industries have been generating more employment opportunities.

(iii) Standard of living: Various small scale industries produce multifarious products such as garments, hosiery goods, stationery items, soaps and detergents, domestic utensils, leather, plastic and rubber goods, processed foods and vegetables, wood and steel furnitures paints, varnishes, safety matches etc., which increase the

standard of living of Indian people.

(iv) Regional balance: The small scale industries can minimise the regional imbalance. Because, the nomic position of backward and rural areas can be improved by the business.

(v) Entrepreneurship: Small scale industries provides ample opportunities to the entrepreneurship development. The persons having interest and efficiency can create new idea and increase business activities by establishing small scale industries.

(vi) Low cost: Due to low cost of production the smalls scale business can provide their goods and services at lower price to the consumers. It is possible because of the fact that the small scale business can use most of locally available raw material in their production process.

(vii) Quick Decision: Small business can take quick and timely decisions because of its small size. So many people are interested for small business, which so provide ample employment opportunities.

(viii) Consumer satisfaction and Adaptability: Another contribution of small scale business to the socio-economic as its adaptability. The small scale business are flexible and so these can be changed

at any time according to the changing of environment. Moreover, the design, size, colour of the product of small scale business can be changed according to changing of consumer taste, fashion and human.