State Small Industries Corporations in India:A Comparative Factual Review

The momentous role of small-scale industries in the Indian economy need not be over emphasized. The Industrial Policy Resolution of 1948 rightly enunciated the need for "development of the cottage and small-scale industries under the states". The All India Small Scale Industries Board, which was set up in November 1954 to perform rational thinking about ways and means to develop the small industries, eradicated the old fallacy tiiat "to assist industries was futile".