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Lok Sabha
The promotion and development of small scale industries (SSIs) in the country is a continuous process. The Government has taken several measures to strengthen and enhance the competitiveness of the SSIs. These include measures consisting of assistance for technology upgradation; infrastructure assistance through cluster development approach; helping in timely availability of credit; and assistance to encourage adoption of modern management practices, use of electronic infrastructure and other information technology (IT) applications, etc. In addition, the Reserve Bank of India has issued revised guidelines for rehabilitation of sick SSI units, which include, inter alia, change in the definition of sick SSI units, norms for deciding on their viability, concessional finance, etc. An amount of Rs. 366 crore has been allocated in the Budget, 2004-05 for the various Plan schemes for promotion of small scale industries.
This information was given by Shri Mahabir Prasad, Minister of Small Scale Industries & Agro and Rural Industries in a written reply to a question in Lok Sabha today.
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