SME stands for Small and Medium Enterprises.
The small and medium enterprises have a certain number of employees and the investment in the plant and machinery cost falls within a certain level of amount.
For the economic development of the country, SME focusses on Poverty, Inequality and unemployment.
SMEs lead to employment of the local communities by bringing growth and innovation into the business thereby nurturing the local economies. These small businesses employ skilled as well as unskilled workers which are not employable in big organizations, which in turn provides a necessary boost for the reduction of unemployment.
The important contribution of SMEs in India is for the promotion of balanced economic development.
SME Chamber of India, a premier national Chamber has been working for the development of SMEs from manufacturing, service sectors and allied industrial / business sectors for the last 25 years.
The Chamber integrates SMEs, large corporates, MNCs, banks, investors, policy makers, Young & Women entrepreneurs and Start–Ups to establish and enhance contacts for better business growth and expansion.