A STUDY ON SICKNESS IN SMALL SCALE INDUSTRIAL SECTOR AND ITS CAUSES.

The small Scale Industrial sector is one of the most vital sectors of the Indian economy in terms of employment generation, the strong entrepreneurial base it helps to create and its share in production. In the developed countries of the world, prevalence of sickness in Small Scale industrial sectors is occur because of Lack of demand, shortage of working capital, undeveloped technological and managerial skills and has not been lifting experience. The phenomenon of industrial sickness also effects of unemployment, non availability of goods and services and prices high up. The shareholders also lose their hard-earned savings, creditors lose their cash and low growth in future prospects of business. In India, The rapid growth and magnitude to industrial sickness is a serious issue not only for present time but also for all time to come during the next century. The crores of rupees blocked up in several of sick unit but it also affected the national growth of countries. The growing industrial sickness in the country is causing great concern to the government and financial institutions because it is sucking the blood of the industry gradually and sapping economic vitality and thereby baffling all the useful programme of economic development. In fact industrial sickness pervades all around and is posing a very serious problem to different sectors of the economy. It is generally found that a healthy unit may become temporarily or permanently sick and may recover its healthy stage. The factors affects on causes of sickness could be: a. Internal Factors or b. External Factors or c. Mixture of the both Internal & External Factors. The internal factors may affect the particular unit only and this factors mostly affects are within control of management. The external factors usually affect all the units of the same line industrial group simultaneously. These external factors are may be beyond the control of the management.