Question : IMPACT OF LIBERALISATION POLICY



(a) whether the liberalisation policy of the Government is comparatively less favourable to small rural industries sector;

(b) if so, the details thereof; and

(c) the steps taken to safeguard the interest of small and rural industries sector?

Answer given by the minister


THE MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF SMALL SCALE INDUSTRIES, MINISTER OF STATE IN THE DEPARTMENT OF PERSONNEL AND TRAINING,DEPARTMENT OF PENSIONS AND PENSIONERS` WELFARE OF THE MINISTRY OF PERSONNEL,PUBLIC GRIEVANCES AND PENSIONS, MINISTER OF STATE IN THE MINISTRY OF PLANNING AND MINISTER OF STATE IN THE DEPARTMENTS OF ATOMIC ENERGY AND SPACE ( SMT. VASUNDHARA RAJE )

(a) to (c): While liberalisation has implied greater competition in the economy, promoting and safeguarding the interest of small and rural industries has been one of the conscious policies of the Government. Special trust is given to small and rural industries through schemes like the Integrated Infrastructure Development (IID) Scheme, Rural Employment Generation Programme (REGP) and the National Programme on Rural Industrialisation (NPRI). In addition, a Comprehensive Policy Package has been announced on 30th August, 2000 to strengthen the small industries sector and enhance its competitiveness both domestically and globally, which inter-alia includes easier access to credit, availability to collateral free composite loans upto Rs. 25.00 lakhs and capital subsidy for technology upgradation.