SMALL AND MEDIUM BUSINESS
DEVELOPMENT CHAMBER OF INDIA

Empowering SMEs for Global Competitiveness

Challenges to SME Sector

Despite its commendable contribution to the Nation's economy, SME Sector does not get the required support from the concerned Government Departments, Banks, Financial Institutions and Corporate, which is a handicap in becoming more competitive in the National and International Markets.

SMEs face a number of problems - absence of adequate and timely banking finance, limited capital and knowledge, non-availability of suitable technology, low production capacity, ineffective marketing strategy, identification of new markets, constraints on modernisation & expansions, non availability of highly skilled labour at affordable cost, followup with various government agencies to resolve problems etc.

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