Indian SMEs And Their Uniqueness In The Country

The singular contribution of SMEs is on account of their unique characteristics .Their role in economic activity is manifest in both tangible and intangible ways. If this contribution is to be sustained, then their uniqueness needs to be nurtured in an overt and explicit manner. The Indian experience has shown that it is possible to design targeted interventions, be they area specific like in clusters or be they sector/Sub-sector or product specific. Other countries, be they Asian or OCED, also have policies which aim at similar support.