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Indian Economy

Notes (b) Small and Medium Enterprises were accepted in the services sector, and were preserved
on par with SSIs in the industrialised sector.
(c) The corpus of the Credit Guarantee Fund was upraised from ` 1132 crore in March 2006 to
` 2500 crore in five years.
(d) Credit Guarantee Trust for Small Industries (CGTSI) was directed to cut short the one time
promise fee from 2.5 per cent to 1.5 per cent for all loans.
(e) Insurance cover was prolonged to around 30,000 borrowers, recognised as chief promoters,
under the CGTSI. The certain sum would be ` 200000 per beneficiary and the best will be
paid by CGTSI.
(f) The stress was placed on Cluster Development model not only to endorse manufacturing
but also to reintroduce industrial towns and build new industrial townships. The model is
now being executed, in nine sectors including khadi and village industries, textiles,
handicrafts, handlooms, agricultural products and medicinal plants.

Task Prepare a short report on industrial pattern and the Five Year Plans.

Self Assessment

Fill in the blanks:
12. On the …………………… displaced person as had their own workshops for the
manufacture of sewing machine parts in Lahore and other places in West Pakistan, resumed
this activity in a small way at Ludhiana.
13. In the industrial boom which occurred in the wake of independence, ……………………
and cycle-parts is by far the most important of the industries developed in the district.

14. In the ……………………, India saw the emergence of large factories, machinery, and
government regulation of industrial work—three features that define a large-scale industry.
15. In India, industries with a …………………… of more than one hundred million rupees are
called large scale industries.

Case Study Polyplastics

olyplastics was established in the year 1967 for the manufacturing of components
for Telecommunication Industry. Products were exported to many European
Pcountries in seventy’s and eighty’s. Till the year 1983, it manufactured products for
telephone, textile, defence and home appliance industries. It was in the year 1983, that
Polyplastics started moving towards auto components manufacturing and currently, it
makes parts only for the automotive industry.
Polyplastics, though being not located in one of the auto component manufacturing hubs
has succeeded in building its business brick by brick. Polyplastics is engaged in the business
of electroplating of various components, Painted and Hot stamped badge and Monograms,
Wheel rim covers, Radiator grills, RR Garnishes/Ducklid Handles Assembly control
Contd...

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