Social Advantage

Small scale units offer opportunity for an independent way of life to people with small means. They offer saving in social overheads like education, housing and medical facilities. by taking industry nearer to the people. They help to raise per capital income and standard of living in the country. A system of widely diffused ownership permits wider participation of people in the process of economic development. Small scale provides a base for democracy, socialism and self-government.
Small scale enterprises provide an excellent opportunity to young men and woman with limited money to start their own business and thereby become. enterprises provide an excellent opportunity to young men and women with limited money to start their own business and thereby become entrepreneurs. In the absence of small business, they cannot launch their own enterprises. As a result, they will have to go in for employment in large scale concerns. Entrepreneurship is essential for the rapid economic development of the country. India remains under-developed despite abundant natural resources due to the shortage of entrepreneurs.

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