Kutir Udyog

Cottage industry is the traditional industry of India, which is run by a family member. It has been the cornerstone of the rural economy.

Cottage industry refers to those cottage industries which are run entirely at the homes of artisans as part- or full-time business with the help of family members. Industries do not require special capital and labour. Nor are the employees employed in them.

There are countless options for the people living in the village to start their own business. With the help of which you can open the door of income for yourself. If a person wants to start a cottage industry, then with a little hard work, he can do various fields in which he is interested. With this, he will not only develop in his rural area but can contribute to the economy of the country.

Importance of Cottage Industry:- The importance of cottage industry in the economy of India can be given under the following points: -

1. Low Capital Requirement:- In a poor country like India, cottage industry is suitable for running individual business. Because less capital is required to run a cottage industry.

2. Employment generation:- Cottage industries are helpful in solving the problem of unemployment by providing employment opportunities.

3. Balanced development of the country:- Areas where big industries cannot be established. So, the country can be developed by developing cottage industries with less capital in those areas.

4. Development of the village:- The all-round development of the village lies in the cottage industries only. Rural people are more worried about unemployment. Therefore, if cottage industries are developed in rural areas, then the time of the rural people will also be properly utilized and they will also be able to get money in return for work, which will improve their economic condition.

5. Avoidance of class struggle:- In a poor country like India, cottage industry is suitable for running individual business. Because less capital is required to run a cottage industry.

6. Security at the time of famine:- Most of the Indian people subsist on agricultural production, if the crop is destroyed in the time of famine, maintenance can be done with the help of cottage industries.

7. Earning of foreign exchange:- Foreign exchange can be earned by exporting artefacts manufactured in cottage industries.

8. Advancement of Art Skills:- In the cottage industry, hand-made items are predominant. In this, every artist gets opportunities to showcase their full potential through cottage industries and in return they get paid. In ancient times, the muslin of the city of Dhaka, India, which was made by hand. was world famous. This leads to the advancement of art skills in the country.