National Small Industry Day - 30th August

Recognising the value bestowed upon the Indian market by various small-scale businesses and industries, the 30th of August is celebrated as small scale industry day in India. This day is celebrated to encourage small businesses to grow further, while creating more job opportunities for the youth of the nation. 

The small industry is also a vehicle for promoting indigenous handicrafts. Artisans, who are a part of the industry, keep the nation’s handicraft heritage alive, and in turn, earn their livelihood. 

From the perspective of the IAS exam, the List of Important Days and Dates of national and international significance is a key part of the Prelims examination. Thus, candidates looking forward to appearing in the upcoming UPSC CSE must go through the facts, background and history of the National Smal; Industry Day discussed further below in this article. 

National Small Industry Day[UPSC Notes]:-Download PDF Here

The History behind the National Small Industry Day India

In order to provide proper help and support to various small-scale industries in India, a comprehensive policy package for the SSI (small scale industry) was launched on the 30th of August, 2000. This policy targeted problems like infrastructure, technology, and payment hassles with utmost urgency and effectiveness. Following the policy launch, it was also unanimously agreed that this day would be named after the SSI by the officials. Since the inception of the comprehensive policy, the 30th of August was named the small industry day.

The following year, a convention for the small scale industries for various SSI entrepreneurs was held in New Delhi, alongside a presentation of the National Awards Function by the Ministry of the small scale industries.

Questions from this topic have a high chance of occurrence in UPSC 2023. 

Significance of the National Small Scale Industry Day in India

India is a developing nation. The economic growth of a developing nation is majorly affected by its small scale sector. Small scale industries and small scale businesses are very relevant to the growth of the Indian economy. Thus, implementing various strategies via the means of government policies to strengthen this sector will result in a massive benefit. 

To this day, the Central Government has implemented various methods to support the small-scale sector to develop more job opportunities in the country. The 30th of August focuses on the importance of these small industries’ job making capabilities in both the urban and rural areas. This is mainly because the industry is majorly labour intensive. 

Additionally, this day also signifies how the small scale industry defines the distribution of economic power. By allowing industrial marketing, the small scale industries enable the country’s economic progress. This, in turn, helps small scale industry become a major part of the economic growth for India. Therein lies the significance of small industry day as observed across the country.

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Importance of Small Scale Industries

Small scale industries are very important to the Indian economy, and questions related to the same are very common in the IAS Exam.

1. Increases job opportunities and is a major part of the Indian economic development.
2. SSI also helps in improving the infrastructure in both rural and urban areas, and tackles problems like pollution and poverty.
3. Finally, it also helps in the distribution of economic power.

Dedicating a day for a particular reason conveys the importance of that reason. National Small Industry Day helps people understand how significant these industries are and how further steps can be taken to support this industry, and support the overall national economy in the process.

The contribution of small scale industry and the schemes or government initiatives taken in the same field are important and a part of the UPSC Syllabus for both the prelims and mains examination.

National Small Industry Day[UPSC Notes]:-Download PDF Here

For any further details or exam updates related to the upcoming civil services exam, candidates can turn to BYJU’S for assistance.