SMALL IS UGLY

About the Book

Small scale industry as a concept receives plenty of encouragement from the government and consequently from financial institutions - it has the potential of solving a large part of the unemployment problem besetting India and that too on a relatively low capital base. However, while there is full support for the same on paper, ground realities are starkly different. It needs to be understood that this is a segment of industry that needs differential treatment and far more hand-holding and support than its larger brethren. Unfortunately, this understanding seems to be lacking among the stakeholders and this been the major cause of the recurring problems afflicting the small entrepreneur. This book throws light on some of the issues afflicting this industry and areas where differential treatment is required. It also attempts to provide some possible solutions to these roadblocks which are hindering the entire segment from reaching its true potential.

About the Author

The author (deceased) served for eight years as an Officer in a leading Nationalized Bank of this Country, mostly in the small Loans Department at its Head Office. Resigning from the Bank's services, he served as a Financial Controller in succession in three small scale industries, one healthy, one sick and the other “rehabilitated". Therefore, he has first hand experience, on both sides of the table, so to say, of what he is writing about. Subsequently, he was engaged in consultancy work, mainly giving advice to the small sector on how to run the units successfully.