CURRENT AFFAIRS

Detailed explanation-1: -The National Small Industry Day is an annual celebration observed on 30th August. It is dedicated to promoting small businesses nationwide and offering job opportunities to the unemployed. The day is celebrated to boost the overall growth potential of small industries.

Detailed explanation-2: -The National Small Industry Day is observed in India on August 30 every year. The day recognises the contribution of small industries to the country’s growth. The day is also an opportunity for the central and state governments to encourage and support small industries.

Detailed explanation-3: -National Small Industry Day : “Every Big scale endeavor always starts from Small” 30th August 2022-Centre for Responsible Business.

Detailed explanation-4: -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.

Detailed explanation-5: -Small scale industries are referred to as those industries in which the process of manufacturing, production and servicing are done on a small scale. The investment on such industries is one time and these investments are mostly done on plant and machinery, the total investment on such industries do not exceed 1 crore.