The term “cottage industry” is used when products are manufactured on a small scale. India is well known for its large number of traditional cottage industries. But with the advent of industrialization, cottage industries witnessed a sharp decline. However, the government has taken steps to revive cottage industries as they play an important part in contributing to the economy of the country. The top five Indian cottage industries are cotton weaving, silk weaving, carpet making, leather industry, metal handicrafts and small food processing industries.
The commodities that are being produced by cottage industries are basically consumable ones and are produced using traditional techniques. Cottage industry especially started its function in the …show more content…
It uses local raw materials and energy supplies i.e. it tries to ensure domestic resource mobilization. It satisfies local market demand, encourages local initiative and entrepreneurship. Cottage industries are labour intensive and have the ability to utilize excess labour. In this sector, private savings is important for investment and capital accumulation as there is less access to formal credit system.
India is gradually establishing large industries, but these large industries have many by-products and with these it is possible to carry on small cottage industries. For example, carpet-making is done with waste products of jute mills and cotton mills, and in this way useful cottage industries can grow around our large industrial ventures.
It will take a long time for India to fully industrialize herself. The nerve-centre of India is in the villages and she will require cottage industries. And even if large industries are established, cottage industries will not die out; rather they will grow up as off-shoots of large …show more content…
Starting as a small group of seven women in 1959, today Lijjat has more than 40,000 members in 62 branches across 17 Indian states. Only women can become members of Lijjat, and all of its members, addressed as 'sisters,' own the organization. Lijjat's main product is a thin, round, savory snack called papad, and papad rolling is the major activity of the 'member sisters.' Remuneration is the same for everyone, and profits and losses are shared equally among the member sisters, so there is no possibility of concentration of assets and wealth. Lijjat refuses to accept donations, but instead provides donations to the needy. Besides papad, Lijjat has also introduced other products, such as Sasa detergent and soap. However, papad has remained as its core identity
The commodities that are being produced by cottage industries are basically consumable ones and are produced using traditional techniques. Cottage industry especially started its function in the …show more content…
It uses local raw materials and energy supplies i.e. it tries to ensure domestic resource mobilization. It satisfies local market demand, encourages local initiative and entrepreneurship. Cottage industries are labour intensive and have the ability to utilize excess labour. In this sector, private savings is important for investment and capital accumulation as there is less access to formal credit system.
India is gradually establishing large industries, but these large industries have many by-products and with these it is possible to carry on small cottage industries. For example, carpet-making is done with waste products of jute mills and cotton mills, and in this way useful cottage industries can grow around our large industrial ventures.
It will take a long time for India to fully industrialize herself. The nerve-centre of India is in the villages and she will require cottage industries. And even if large industries are established, cottage industries will not die out; rather they will grow up as off-shoots of large …show more content…
Starting as a small group of seven women in 1959, today Lijjat has more than 40,000 members in 62 branches across 17 Indian states. Only women can become members of Lijjat, and all of its members, addressed as 'sisters,' own the organization. Lijjat's main product is a thin, round, savory snack called papad, and papad rolling is the major activity of the 'member sisters.' Remuneration is the same for everyone, and profits and losses are shared equally among the member sisters, so there is no possibility of concentration of assets and wealth. Lijjat refuses to accept donations, but instead provides donations to the needy. Besides papad, Lijjat has also introduced other products, such as Sasa detergent and soap. However, papad has remained as its core identity