Small Industrial Development Organisation (SIDO) - Entrepreneurship & Small Businesses | Entrepreneurship & Small Businesses - B Com PDF Download

Small Industrial Development Organisation (SIDO)

The SIDO was formed under the Ministry of Industry. It is a policy making, co-ordinating and monitoring agency for the development of small scale industries. It maintains a close liaison with the government, financial institutions and other agencies which are involved in the promotion and development of small scale units. It provides a comprehensive range of consultancy services and technical, managerial, economic and marketing assistance to the small scale units. It has launched various technology support programmes for the benefit of small scale industries in the country through a number of steps. The steps include establishment of

(a) process-cum-product development centres,

(b) tool rooms and training centres.

(c) specialized institutes and

(d) regional testing centres with its field testing stations.

Functions of SIDO

The main functions are co- ordination, industrial development and industrial extension service, other functions are summarized as follows:

1) To estimate the requirements of raw material for the small scale sector and to arrange their supply.

2) To collect data on consumer items which are imported and encourage the setting up of new units by giving them co- ordinated assistance?

3) To prepare project reports and other technical literature for prospective entrepreneurs.

4) To secure reservation of certain products for the SSIs.