4. Small- and medium-scale enterprises (SMEs) occupy an important and strategic place in economic growth and equitable development in all countries. Constituting as high as 90% of enterprises in most countries worldwide, SMEs are the driving force behind a large number of innovations and contribute to the growth of the national economy through employment creation, investments and exports. Their contribution to poverty reduction and wider distribution of wealth in developing economies cannot be underrated. Small Scale Industries
5. An industrial undertaking in which investment in fixed assets in plant and machinery whether held on ownership terms or on lease or on hire does not exceed Rs. 10 million or 1 crores. Small Scale Industries
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8. TRADITIONAL MODERN Highly labor intensive Less manpower, more equipment Eg. Khadi ( handloom) Eg. Garment, Leather Small Scale Industries in India
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11. Issues like T & D, Performance Management, Employees Counseling all are very important in every organization but they are traditionally being ignored in small scale industries. Some reasons are: Less Employees Cost Cutting Time Consuming Lack of Clarity Ignorance of HRM
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18. R ECRUITMENT T RAINING C OMPLENSATION & BENEFITS C OMMUNICATION & PARTICIPATION P ARTICIPATION in NEW BUSINESS Prevalent HRD Practices
19. T ECHNOLOGY in TRAINING N ETWORKING M ANAGEMETN & DEVELOPMENT PROGRAMS W OMEN ENTREPRENURSHIP New Practices
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