The given statement is correct. Small-scale industries occupy a very important place in the industrial structure of the country. However, they cannot compete with the big industrial firms. They can flourish only when they are protected from the large firms. The government has reserved production of a number of products for the small scale industry. Moreover, small-scale industries were also given concessions, so steps taken by the Government for their growth are justified.
'Protection of small-scale industries (SSI) by the Government is essential for equality of opportunity'. Comment