MVPS’s

RAJARSHI SHAHU MAHARAJ

POLYTECHNIC, NASHIK
DEPARTMENT OF INFORMATION TECHNOLOGY

ACADEMIC YEAR 2022-2023

“Management”
(22509)
MICROPROJECT
ON
“Study of management principles applied to a small scale
industry”

GUIDED BY

Mr. B. S.

Deshmukh

SUBMITTED BY

SR. NO ROLL NO ENROLLMENT NO EXAM SEAT NO STUDENT NAME

1 61 2010020381 Rituja Sawala

2 62 2010020382 Riya Waje

3 63 2010020383 Daval Nayee

4 64 2010020384 Kunal Salunke

1
 MAHARASHTRA STATE BOARD OF TECHNICAL
EDUCATION

CERTIFICATE

This is to certify that Ms./Mr.

Roll No. of Fifth semester of diploma in Information Technology of

Institute MVPS’s Rajarshi Shahu Maharaj Polytechnic, Nashik (Code: 1002)

has successfully completed micro-project in Management (22509) for academic

year 2022-23 as prescribed in curriculum of MSBTE, Mumbai.

Place: Nashik Enrollment no: …………

Date: …………. Exam seat no: …………..

Mr.B. S.Deshmukh Mrs. M. B. Patil Prof. P. N. Patil

Course Teacher/Guide H.O.D – IF Principal

Seal of institute
 INDEX

Sr. Chapter Name Page

No. No.

1 Introduction 8

2 Algorithm 9

3 Flowchart 10

4 Code 11

5 Output 16

6 Conclusion 17

7 References 18
 ABSTRACT

Small Scale industries play a key role within the industrial economy everywhere the
world. They contribute considerably to economic growth, innovation, and employment
generation. Global station, fast technological changes, and greater competitive pressure ar
having a serious impact on little scale industries round the global. Little scale industries got to
upgrade their organization strategies to succeed in money, social and environmental
improvement while not giant investments or in depth changes. The combination of lean and 6
letter of the alphabet is that the best response to the current challenge. However, the adoption
of lean six letter of the alphabet in little scale industries is not widespread due to the worry of
high implementation value and therefore the sequent edges. With the restricted resources to
implement Lean six letter of the alphabet for little scale industries while not external aid.
Essentially the little scale industries are usually comprised of these industries that
manufacture, manufacture and render services with the assistance of little machines and fewer
personnel.

These enterprises should make up the rules, set by the government. of India. The
SSI’s are the lifeline of the economy, particularly in developing countries like India. These
industries are usually effortful, and thence they play a very important role within the creation
of employment. SSI’s are an important sector of the economy each from a money and social
purpose of read, as they assist with the per capita financial gain and resource usage within the
economy

Keywords: Industry, Economy, Render Service, Capital Finance, SSI

 CHAPTER 1

INTRODUCTION

Small scale industries comprise of tiny enterprises WHO manufacture merchandise or

services with the assistance of comparatively smaller machines and a number of employees
and workers. Basically, the enterprise should constitute the rules set by the govt. of
Asiannation.
Small scale industries (SSI) are those industries in which manufacturing , providing
services, productions are done on a small scale or micro scale. For example, these are the ideas
of Small scale industries: Napkins, tissues, chocolates, toothpick, water bottles, small toys,
papers, pens. Small scale industries play an important role in social and economic development
of India. These industries do a one-time investment in machinery, plants, and industries which
could be on an ownership basis, hire purchase or lease basis. But it does not exceed Rs. 1 Crore.
Let us discuss in detail about it.

 At the nonce such limits are as follows:

 For producing Units for Goods: Investment in plant and machinery should be between
twenty {five} lakhs and five crores.
 For Service Providers: Investment in machinery should be between ten lakhs and 2
crores. In developing countries like Asian nation, these tiny scale industries are the
lifeline of the economy.

These are usually labor-intensive industries, so that they produce abundant

employment. They additionally facilitate with per capital financial gain and resource
utilization within the economy. They’re a awfully necessary sector of the economy from a
money and social purpose of read.
 CHAPTER-2

 Characteristics of SSI
1. Ownership:

SSI’s typically square measure below single possession. thus it will either be sole
proprietary or generally a partnership.

2. Management:

Generally, each the management and therefore the management is with the owner/owners.
Thus the owner is actively concerned within the everyday activities of the business.

3. Labor Intensive:

SSI’s dependence on technology is pretty restricted. Thus they have an inclination to use
labor and work force for his or her production activities.

4. Flexibility:

SSI’s square measure additional adaptable to their dynamic business surroundings.

thus just in case of amendments or sudden developments, they're versatile enough to
adapt and continue, not like massive industries.

5. Restricted Reach:

Small scale industries have a restricted zone of operations. Hence, they will meet their
native and regional demand.

6. Resources utilization:

They use native and pronto out there resources that helps the economy totally
utilize natural resources with minimum wastage.

Fig No 1:- Characteristics of SSL

 Objectives of SSL
Small enterprises generally aim at enjoying complementary role within the socio
economic found out of a rustic. Its practical objectives aren't solely business however
additionally social.

 The basic objectives of small-scale business are:

 Providing accumulated employment opportunities on honest and cheap terms.

 Promoting production of an oversized kind of goods-specially goods through

effortful ways.

 Encouraging adoption of contemporary techniques within the unorganized

ancient sector of the trade while not inflicting any perceptible technological state.

 Facilitating a good mobile sation of resources of capital and talent which

might have otherwise remained unutilized.

 Group action the viable little sector with the very important massive scale-sector.

 Encouraging and supporting the native talent and utilising native resources
to realize native self-reliance.

 Avoiding the issues of unplanned urbanisation of industries,

 Nursing a balanced industrial growth in numerous regions thus on lay down a

basis for an primarily localized socio-economic set-up.

 Making a replacement cadre of small-entrepreneurs, skilled and self-used

consultants.

 Correcting regional disparities in industrial growth through locational spread

of small-enterprises.

 Role of Small Scale Industries:-

 Small Scale industries give Brobdingnagian scope for increasing employment.

 They area unit labor intensive and need relatively very little capital to start out with.

 They facilitate production of commodity and thus will meet the demand for
shopper merchandise.

 They facilitate reduction of costs.

 They accelerate the speed of commercial growth.

 They facilitate in equitable distribution of national wealth.

 Classification of Small-Scale Industries:-
 Small-scale industries are classified into 5 main categories:

 Producing industries-producing articles for direct consumption also as

process industries.

 Feeder industries-specializing specific, especially, specially, particularly,

above all specifically sorts of particular product and services, e.g., casting,
electroplating, fasteningetc.

 Mining or production.

 Ancillaries-producing elements and parts for light-weight engineering product

cycles, stitching machines, diesel engines, machine tools, mathematical
instruments, workplace and home instrumentality, electrical appliances, air-
conditioners, etc.

Fig No 2: Types of small-scale industries

 CHAPTER-4

 Role of Small Scale Industries in the Indian Economy:-

 Total Production these enterprises account for pretty much four-hundredth of the full
merchandise and services created within the Indian economy. They’re one in
all the most reasons for the expansion and strengthening of the economy.

 Employment these tiny scale industries square measure a serious supply of

employment within the country. The full labor force cannot realize add the formal
sector of the of the personnel.

 Contribution to Export Nearly 1/2 the products (45-55%) of the products that square
measure exported from Republic of India square measure created by these tiny
enterprises. concerning thirty fifth of direct exports and15 August 1945 of the indirect
exports square measure from the little scale industries. therefore India’s export
business majorly depends on these tiny industries for his or her growth and
development.

 Welfare of the general public Other than economic reasons, these industries also are
vital for the social grow than development of our country. These industries square
measure sometimes started by the lower or bourgeois public. They need a chance to
earn wealth and worker others. It helps with financial gain distribution and contributes
to social progress.

Fig No 3: Role of SSL

 Advantages of SSI:-

• Close supervision.
• Nature of demand.
• More employment.
• Need of small capital.
• Easy management.
• Freedom of work.
• External economies.
• Direct relation between the workers and the employee.
• Direct relation between the customers and the produce.

 Disadvantages of SSI:-

• High cost of production

• Wastage of by-products
• Less use of machine
• Lack of division of labor
• Lack of research
• Old techniques
• Costly raw material
• Difficulty in getting loans
• Difficult to face economic crisis
 Steps to manage Small Scale Industry:-

• Be ready To Grow When you launched your company your goal was to succeed.
Whereas your business arrange could have printed metrics of what that growth would
possibly seem like, actively getting ready for it had been a additional holistic
approach. Be proactive concerning next steps before they happen thus you'll manage
them fitly while not losing your grip on them.

• Get your internal control so as it’s straightforward to lose sight of maintaining quality
standards once your company is apace increasing. Remember, it’s not solely however
you’ve given yourself to your customers, however what you provide that LED to your
success. If you don’t have already got one, place along a team to possess
oversight over your internal systems, development, producing, etc. the kind of
internal control required to succeed is totally different for every business, thus gear
yours to what suits you and your standards best.

• Remain prime of rock bottom Line your profits could look superb, however if you see
a disconnection with the value of doing business you’ll need to stay a watch thereon
increase.
• There’s forever a touch risk once moving forward, however you don’t need to search
out yourself out spending what you'll afford to urge to ensuing level. Keep your
eye on then numbers and follow them consequently. This truly leads US right into
step range four.

• Create changes For Growth Keep Associate in Nursing open mind to those areas
which will ought to decrease whereas being aware of wherever you actually do ought
to expand. For instance, to form a additional economical team you'll ought to add
additional managers, however lose performance reviews. or even you lose causation
out paper memos, however add sensible tablets.
• Kind an excellent Support Team You’ve detected the phrase “you area unit solely as
robust as your weakest link”. Enable your team members to play to their strengths and
reward them for it. In turn, they'll reward you with unimaginable results and create the
bottom upon that you're growing that way more solid.
 Important Tips to manage SSI:-

• Produce a business set up to create a good business set up, define your business goals
and objectives and supply a compendious description of your business and also the
product or services. embody the main points regarding the market you’re on the point
of enter, your selling and sales plans and your money projections. Review your
business goals often to envision what’s modified, what’s been achieved, and what has
to be revamped.

• Separate your personal and business finances since the taxes for you and also the
business are calculated on an individual basis, it’s necessary to open separate personal
accounts that are selected for under business transactions.

• Verify funding needs If you’re beginning a brand new business, funding the
operations of the business is that the upmost priority. whether or not you’re choosing
personal investment, angel investment, business incubators, bank loans or government
grants, it’s vital to acquaint yourself with the benefits and downsides of those funding
sources furthermore because the criteria they use to gauge the business.

• Rent the proper folks if you wish your business to thrive, it’s vital to rent impelled,
high-energy trainable people that are trying to find success instead of creating a fast
buck. As a tiny low business owner, you wish to understand a way to retain valuable
staff by giving those perks like versatile schedules, happy hours and team building
activities.

• Train your staff Even if you rent the best folks within the world, it’s aiming to take it
slow for them to know the ins and outs of your business and make out a way to place
things along to attain long goals. This is often why coaching your staff well is
important for a in low business. Produce a coaching set up that creates your staff feel
additional competent and authorized in their jobs.
 CONCLUSION

In this project we learnt about the actual management of Small Scale Industries, we
learned about the principles and tips of management that should be applied to
the Small Scale Industries. We also learned about the role of SSI in Indian Economy, the
Steps to manage Small Scale Industries, Characteristics of SSI, and Objectives of SSI and
also saw the seven essential principles to manage SSI. In this project we also discussed
about some of the advantages and disadvantages of Small Scale Industries. This Project help
us to gain all the knowledge that is required to manage a Small Scale Industry in an efficient
way.
 REFERENCES

1. Abdul Latif (2011), Women Entrepreneur in Small Medium Enterprises (SMEs) and
their Contribution on Sustainable Economic Development in Sindh, Journal of
Sustainable Development Vol. 4, No. 4;

2. Adeyemi, Sidikat Laraba, Aremu, Mukaila Ayanda(2011), Small and Medium Scale
Enterprises as A Survival Strategy for Employment Generation in Nigeria, Journal
of Sustainable Development Vol. 4, No. 1

3. Ayozie Daniel Ogechukwu1; Latinwo H. K (2010 ), Entrepreneurial developments

and small scale industry contribution to Nigerian national development- A marketing
interface, Information Management and Business Review,Vol. 1, No. 2, pp. 51-68,

4. Banujam .K.V. (1998), Poverty Alleviation through Rural Industrialisation

Kurukshetra, Indian Journal of Rural Development, Vol. 33. Oct.1, pp. 51-53.

5. Berna. (2001), Entrepreneurship in Madras state, Yojana, April 30, Vol. 35, No. 7, pp.
6-7.