Question

Describe any three problems of small scale and cottage Industries in India.

Answer 1

Problems faced by small scale and cottage Industries:

(1) These industries do not get sufficient raw material.

(2) Due to the unavailability of credit, these industries mostly depend on money lenders for finance who charge a very high rate of interest.

(3) The old method of production and old tools are used by these industries.

(4) These industries have to compete with the goods produced by large scale industries.