- 1 INTRODUCTION:
- 2 AIMS AND OBJECTIVES:
- 3 METHOD AND METHODOLOGY:
- 4 DETAIL REPORT OF PROJECT:
- 5 ANALYSIS OF DATA:
- 6 CONCLUSION:
- 7 DISCUSSION:
- 8 SUGGESTION:
- 9 ACKNOWLEDGMENT:
- 10 BIBLIOGRAPHY / REFERENCE:
A cottage industry may be a small-scale industry, wherever the creation of merchandise and services is home-based, instead of factory-based. whereas merchandise and services created by house industries are usually distinctive and distinctive, as long as they’re principally not factory-made, producers during this sector usually face manifold after deals after they are while not the backing of the govt or once latter is in favor of large-scale industry, and therefore is that the lesser quality of such business within the latter-day world.
A manufacturer is an industry—primarily manufacturing—which includes several producers, performing from their homes, generally half time. The term originally brought up home staffs who were engaged during a task like stitching, lace-making, wall hangings, natural philosophy, or family producing. Some industries that are typically operated from massive, centralized factories were house industries before the economic Revolution. Business operators would travel around the world, shopping for raw materials, delivering them to those who would work on them, so grouping the finished merchandise to sell, or generally to ship to a different market. one among the factors that allowed the economic Revolution to require a place in Western Europe was the presence of that business those who had the flexibility to expand the dimensions of their operations. house industries were quite common within the time once an outsized proportion of the population was engaged in agriculture, as a result of the farmers (and their families) usually had each the time and also the want to earn extra financial gain throughout the a part of the year (winter) once there was very little work to do farming or mercantilism manufacture by the farm’s edge.
AIMS AND OBJECTIVES:
The aim of this project is to prepare a report of any cottage industry doing planning on the basis of co-operation.
There are many objectives of this project. Major few objectives are given below.
- To understand what is a cottage industry
- To know planning of a cottage industry
- To understand the advantages of a cottage industry
- To know the working of a cottage industry
- To ascertain any doubts regarding the cottage industry
- To understand the demerits of a cottage industry
METHOD AND METHODOLOGY:
The method used to gather the required information on the project is an internet survey method. The Internet has extensive information on this subject. It has a vast collection of data on cottage industry and planning of it. The survey has unveiled information about this topic which has covered major few points which are listed below and explained in a detailed report of the project.
- What is a cottage industry
- Working of a cottage industry
- Advantages of a cottage industry
- Disadvantages of a cottage industry
DETAIL REPORT OF PROJECT:
What is a cottage industry
An industry may be a small-scale, suburbanized concern usually operated out of a home instead of a purposeful facility. house industries are outlined by the number of investment needed to begin, similarly because the range of individuals used. They usually specialize in the assembly of the labor-intensive product however face a big disadvantage once competitory with factory-based makers that construct the product.
The first house industries were lightweight producing operations in England and therefore the united states engaged in subcontracted garment-making, textiles or stitching, similarly as shoe repairing and tiny metal machine elements. they will are created from members of the family engaged in manufacturing finished product by utilizing raw materials provided by a business manager. several modern industries that presently operate in factories were once house industries before the Industrial Revolution.
Working in a cottage industry
India has justifiedly been delineated because of the land of agriculture. Agriculture is very confined to the agricultural areas of the country. it’s been noted that rural areas are enjoying a significant role in strengthening the economic development of India by paving the method for small-scale industries and cotton industries. Also, the govt of India is promoting the small-scale industries by its policies. The theme of tiny scale industries and house industries has been incessantly growing at intervals the roots of India.
Advantages of a cottage industry
By definition, a manufacturing business operates from home. This makes for bigger convenience for operators relative to exploit the house to control a corporation. you do not need to pay time on the road driving, that additionally contributes to value savings. you’ll create a store or workspace and share home and business instrumentality, though it’s necessary to account for allotted business use once claiming home business deductions on tax returns.
Low Start-Up prices
Cottage business start-up prices are typically low. you do not need to purchase a mortgage or rent on a separate building house. you furthermore may do not have to shop for separate instrumentality, tools, shelving, fixtures and alternative materials to keep up and use within the business. the net permits for a comparatively affordable thanks to creating an internet site and promote your business to native customers and marketing businesses.
Women have particularly benefited from the evolution of house industries since it offers an alternative to picking between career and family. A stay-at-home mater, for example, could balance caring for her kids with operative a home-based cake production business. she will bake and prepare on a schedule that works together with her family responsibilities. Families may also begin tiny facet businesses from home that give supplemental financial gain.
Specific Legal Protections
Increasingly, local, state and federal governments have recognized the worth of house industries and worked to feature specific legal protections for them. The state of American state enacted a brand new house food law in late 2011 to clear the manner for ladies operative home-based jam, jelly, food and alternative food artifact operations to avoid previous health and safety needs for foodservice operators.
Disadvantages of a cottage industry
A major obstacle to the bungalow food trade may be a lack of a national bungalow food law. people that need to supply and distribute food things from home are restricted in several cases by native, state and national food laws requiring bound health and safety standards. Some states have passed laws to permit bigger flexibility and to support home-based bungalow food businesses. However, state laws impose variable conditions on home-based food businesses and there are not any national standards on that shoppers will bank.
Zoning necessities vary by municipality and are typically unclear on however they treat bungalow businesses. Some communities have sectionalisation restrictions that greatly have an effect on bungalow industries whereas others haven’t any sectionalisation in any respect. a standard distinction between a typical home-based business and bungalow business is that the expected traffic to the house. bungalow businesses square measure typically restricted to bound areas to avoid raised holdup. The Ketchikan entrance Borough in Alaska encompasses a code that limits bungalow industries to far areas. If you wish to start out a bungalow business, you will take into account whether or not you may have to be compelled to attractiveness for brand spanking new sectionalisation designation.
Parking and Distribution
A lot of sensible business issue is whether or not your home provides ample chance for transportation and parking. bungalow businesses, by definition, involve the assembly of products. If you’ve got customers finding out product throughout the day, you wish space for them to urge in and out of the private road or park cars. Neighbors might not appreciate the escalated volume of traffic. you furthermore might have to be compelled to take into account whether or not you’ll post a proof for your business.
Health and Safety
While business operators need a less restrictive legal atmosphere, the marketplace has considerations still. If your business is cookery, you’ve got to take care of a clean room that meets food and health standards. you will have to be compelled to invest in special preparation instrumentality, a brand new sink, and numerous improvement materials. in addition, you may seemingly want insurance to hide the risks of distributing product within the event somebody gets sick from your product.
ANALYSIS OF DATA:
Cottage industries play a big role in the economies of developing countries. These economies could lack the capital and money systems to support larger industries. it’s going to be tough for smaller corporations to grow because of a scarcity of accessible capital or due to uncertainty regarding personality and legal rights. the industry remains seen in Asia, India and South America.
Developing countries also are additional doubtless to possess a comparative advantage within the use of labor compared to the employment of capital, permitting them to supply effortful merchandise additional cheaply than developed countries. as a result of house industries could use labor ways that area unit heavily dependent on ancient tools and machinery or that need the employment of hands, they’re additional doubtless to ascertain lower productivity. Thus, despite the fact that they will use an oversized portion of the population they will not turn out a proportional quantity of output.
To conclude my findings,
Rural families were a number of the primary to get entangled within the manufacturer. They value-added to their agricultural financial gain by creating merchandise reception. Merchants provided the raw materials to the families, collected and marketed the finished product, then paid the family a proportion of the value charged to the top client. a number of things created by these at-home staff were material and wear, shoes, cigars, and hand-decorated things.
Cottage industries developed in cities around 1870, leading to the tough apartment house housing system. migrator families lived and worked in these packed, unsafe flat buildings. They worked for terribly low wages, typically creating clothes. this technique lasted till around 1920, once higher management of factories created home-produced merchandise less competitive.
Hand-decorating of things, sewing, and alternative extremely specialized activities still operate as house industries these days. Economists purpose to the increase of a replacement style of manufacture whereby folks will occupy home to perform work on their computers that erstwhile had to be done at the workplace. Telecommuters is another term used a lot of often these days to see home-based employment. many roles that wont to need workers’ physical presence within the workplace will currently be performed from home. Running a business from home these days needs solely some of the phone lines with telephone and telephone, a laptop with e-mail and electronic equipment, a fax machine, a copier, and workplace provides. For executives on the go, a mobile phone and laptop computer will keep them up and running from concerning any location.
The discussion has revealed:
India is preponderantly a farming economy. Regarding 70th of the population lives in villages. Agriculture may be a seasonal occupation. Throughout the lean season, it’d be ideal to stay rural labor gainfully utilized on some different occupation. bungalow industries like beekeeping, milk production, papad, and pickle creating, rolling agarbathis (incense stick), making ready agricultural implements and machinery, etc offer further employment chance to rural individuals. Small industries act because of the backbone of commercial development in urban areas. several giant industries completely rely upon bound components and elements as they cannot build them.
There are a few opinions and suggestions by family and friends whom I discussed my project findings with, they are given below:
- There should be a proper guideline for the villagers to initiate cottage industries
- Awareness amongst the metro cities should be made about the cottage industry
- Benefits should be explained of cottage industries
My profound gratitude to all the faculty members of the Department, for their timely assistance and encouragement throughout my research work.
I duly acknowledge the encouragement and support from the research scholars in the department, and all my colleagues and friends.
It gives me immense pleasure to take the opportunity to all the people who are directly or indirectly involved in the completion of my project based on Prepare a report of any cottage industry doing planning on the basis of co-operation.
With deep reverence, I offer my deepest gratitude _____, without whom this project could not have been fulfilled.
Lastly, I thank Almighty, my parents, family members, friends and teachers for their constant encouragement and support without which this project would not be possible.
Name of School/College
BIBLIOGRAPHY / REFERENCE: