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Abstract

SMEs globally, have been recognized as a vital component of the domestic economy and employment generation of a country, disregard of the geographical barriers. According to report by the World Bank, in low-income countries with GNP per capita between $ 100 and $ 500. SMEs account for over 60 per cent of GDP and 70 percent of total employment . In the middle- income countries, they produce close to 70 per cent of GDP and 95 per cent of total employment. However, even in the era of globalization and liberalization, SMEs continue to face increased challenges across the globe. The present paper focused on the present status of SMEs in India and the various challenges faced by the SMEs in India.

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