SAVINGS PATTERN OF SMALL SCALE INDUSTRIES EMPLOYEES IN COIMBATORE

Small scale industries are referred to as those industries in which process of manufacturing , production and serving are done on small scale . The investment on such industries is one time and these investment are mostly done on plant and machinery, the total investment on such industries do not exceed 1 crore. There are a number of small scale industries contributing in the economy of Coimbatore. The Coimbatore district Small Industries Association (CODISSIA) has been formed for bringing these industries under one umbrella and address issues faced by them. They are more than 25,000 employee works under the small scale industry in Coimbatore . An emergency fund provides financial security in times of need. Financial institutions household and the national economy. It is necessary to have saving plan because it will help in meeting financial goals like secure future, children education meeting the demands of the family etc.The main objectives is to analysis savings and spending habits of employees at small scale industries employees. Depending on your financial goals, put your money away in a tool that allows you to save and invest for better returns. Some of the options are mutual funds, Mutual funds, Emergency funds, Chit funds, PPF/EPF and other saving schemes.