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Name the committee formed for the Village and Small-Scale Industries in 1955.
  • a)
    Narasimhan committee
  • b)
    Karve Committee
  • c)
    Basel Committee
  • d)
    Rangarajan Committee
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Name the committee formed for the Village and Small-Scale Industries i...
The Karve Committee was established by the government of India in the year 1955. The primary aim of forming this committee was to focus on the enhancement and development of the village and small-scale industries.
  • Origins and Purpose: The Karve Committee was named after its chairman, Dhananjay Ramchandra Karve. The committee was tasked with studying and suggesting measures for the improvement of village and small-scale industries.
  • Findings and Recommendations: The Karve Committee conducted an extensive study and provided valuable suggestions for the upliftment of village and small-scale industries. The committee emphasised the need for technical and managerial assistance, financial support, and marketing assistance for these industries. It also suggested the establishment of a separate department to look after the growth and development of small-scale and cottage industries.
  • Impact: The recommendations of the Karve Committee led to significant changes in the government's approach towards small-scale industries. The government started focusing more on providing necessary support to these industries, which played a crucial role in decentralising economic power, reducing regional imbalances, and promoting balanced regional development.
  • Legacy: Today, the Karve Committee's recommendations are regarded as a significant milestone in the evolution of small-scale industries in India. The committee's work is still referred to while formulating policies related to small-scale industries.
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Name the committee formed for the Village and Small-Scale Industries i...
The committee formed for the Village and Small-Scale Industries in 1955 was the **Karve Committee**.
**Background:**
- The Karve Committee was constituted in 1955 by the Government of India to study the problems faced by the Village and Small-Scale Industries sector.
- The committee was named after its chairman, D. G. Karve, who was an eminent economist.
**Purpose:**
- The main objective of the Karve Committee was to identify the challenges and issues hindering the growth of Village and Small-Scale Industries in India.
- The committee aimed to recommend measures to promote the development of these industries and improve their contribution to the economy.
**Findings and Recommendations:**
- The Karve Committee conducted a thorough study of the Village and Small-Scale Industries sector and identified various obstacles such as lack of access to credit, technology, and marketing facilities.
- The committee recommended the establishment of a separate financial institution to provide credit to small businesses, as well as the creation of training programs to upgrade the skills of workers in the sector.
- Additionally, the Karve Committee suggested the formation of cooperative societies to help small-scale industries access raw materials at reasonable prices and improve their bargaining power.
**Impact:**
- The recommendations of the Karve Committee played a significant role in shaping the policies related to the Village and Small-Scale Industries sector in India.
- Many of the suggestions put forth by the committee were implemented by the government to support the growth and development of small businesses in the country.
In conclusion, the Karve Committee was instrumental in highlighting the challenges faced by Village and Small-Scale Industries in India and providing valuable recommendations to address these issues.
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