Cottage Industry:
Cottage industry is a
small scale business carried on in people's home.
Role of Cottage Industries in the
development of Pakistan:-
In Pakistan there are
several gains from small-scale industries. In cottage industries with small
machines we can manufacture many goods.
Cottage industries or
small scale industries are labor-intensive and provide employment to 80% of the
industrial labor force. Cottage industries provide opportunities of employment
for many people's and families thus un-employment will be reduced in the
countary. At homes small scale industries provide employment for the women of
rural areas. Women can earn and gain huge economic benefits. In rural areas
local natural resources and waste materials can be used very well in the
Cottage industries, both industrialist and owner of resources can get benefits.
30% of total Pakistan's foreign exchange is gained by the export of small scale
business. Developed areas people gain more income than under developed areas
this disparity among different regions will be reduced by Cottage industries.
It is possible to help people to establish small-scale business and it creates
jobs for unemployed people's. Cottage industries will help to reduce regional
economic disparity.Cottage industries reduces the unemployment and offers
opportunities for self-employment.As a result of Cottage industries in rural
areas migration from rural to urban will be also reduced. When people get jobs
in there local areas they will not move to urban areas for jobs.Employed people
are gainfull in villages, the migration
of people from rural to urban areas will reduce. Cottage industries fulfil the
needs of local people with cost effective price. Cottage industries decreases
the burden of import and save foreign exchange.
Small-scale business
in Pakistan are important in rural set-up. In most villages people have
carpenters, blacksmiths, craftsmen,potters, cotton weavers etc. In villages
many families depend upon small industries for income.Because they don't have
other opportunities for gaining income so they make small-industries to make
money and get economic benefits.
Cottage industries
also have gained very much importance in the cities, towns etc. Traditional
bangles , hand - woven carpets, rugs, brasswares, and embroidered work are in
great demand. In rural and urban areas a program for cottage industries is
likely to be achievable.
Benefitsofthissectorinthecountry:
There are a few
benefits of Cottage industries in the development of Pakistan:
1.
Cottage industries provide about
80% of employment to the industries. Cottage industries provide opportunities
for self employment and reduces unemployment.
2.
Cottage industries provide a
great opportunities of employment for which cannot work outside in our society.
They can make bangles,hand-wovencarpets,rugs etc from there home by which women
can gain employment.
3.
Cottage industries also provide
cost-effective goods for local demands and save foreign exchange.
4.
In international market there is
a demand forhand-wovencarpets,rugs and handi-crafts etc.We can gain 30% income
from manufacturing mentioned goods.
5.
In the villages when families are
employed, migration from rural to urban areaswill be reduced. The problems of
urban areas such as transportation , sanitation, pollution, crimes, housing,
health and education will be reduced.
6.
When cottage industries are
expanded the regional disparity in the income of peoples will be reduced
specially in the under developing districts.
7.
Cottage industries make sure
effective uses of local raw materials. By which agriculture and mining will be
promoted.
8.
Cottage industries does not
require high capital and much money. So it is suited to traditional economic.
9.
In cottage industries modern
technology and importedmaterialsare not required too much.
10.
Large-scale industries waste
material can be used to produce by products. Such as sugar, cotton and steel
industries.
