STATEMENT OF THE PROBLEM
With Micro (Tiny) businesses traditionally known as Village and Cottage industries as their counter part, Indian SMEs have ancient heritage. But many Handloom SME’s are facing the problems of competition from power loom and mill sector, Unskilled Labour, lack of finance etc., This paper attempts to explore the reasons of high cost of silk sarees manufactured by Small and Medium Enterprises. Certain innovative measures are suggested to reduce the cost of manufacturing a silk saree. Thus, the present study is appropriately titled as “Cost reduction innovation in SME’s – An empherical study, (With reference to Handloom silk sarees in chikballapur district)”.
SCOPE OF THE STUDY
The scope of this study is confined to Thimmasandra, Konappalli, Chokkahalli, and Nernakallu clusters of Chintamani Taluk (chikkaballapur district), Karnataka. Further, the study includes an in-depth analysis of cost of handloom silk saree manufactured by small and medium enterprises in chintamani taluk of chikkaballapur district.
OBJECTIVES OF THE STUDY
1. To Study the reasons for increase in cost of the Handloom silk sarees. 2. To offer suggestions for cost reduction.
The necessary data for preparing this article is collected from both primary as well as secondary sources. The primary data has been collected from the weavers of handloom silk sarees by using pre-tested structured schedules and also through face to face interviews. The secondary data is collected from various books, journals, magazines, Newspapers, websites etc. The data are analyzed by using simple statistical measures like percentages and diagrams.
Judgment sampling method has been used for data collection. 150 handloom silk saree weavers have been selected in Thimmasandra, Konappalli, Chokkahalli, and Nernakallu clusters of Chintamani Taluk
It is found that 96% weavers are male weaving silk sarees and the other female members and...
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