Small Scale Industry today constitutes a very important segment of the Indian Economy. The development of this sector came about primarily due to the vision of Late Prime Minister Jawaharlal Nehru who sought to the development of core industry and to have a supporting sector in the form of small sector and vibrant sector of the economy. Small Scale Industry today constitutes a very important segment of the Indian Economy. The development of this sector came about primarily due to the vision of late Prime Minister Jawaharlal Nehru who sought to develop core industry and to have a supporting sector in the form of Small Sector enterprises. Small Scale Sector has emerged as a dynamic and vibrant sector holds the key to economic prosperity in an economy characterized by abundant labour supply, unemployment and underemployment, capital scarcity, growing modern large industrial sector giving scope for ancillarisation and so on. Small Scale Sector has grown phenomenally during the past five decades besides playing a vital role in the fulfilling of our socio-economic objectives.