We are trying to apply a decade of learning from out field visits, conferences, workshops related to SMEs through a national program called 'ENCOURAGE - accelerating SME growth'. The programme aims at leveraging capabilities of the SME sector so that they are also able to contribute more to the Indian economy on the one hand and cash on the benefits of capital market and access credit from financial institutions on the other.
- The sector is estimated to employ about 69 million persons in over 26 million units throughout the country.
- There are over 6,000 products ranging from traditional to high-tech items, which are being manufactured by SMEs.
- Nearly 50 per cent of SMEs are owned by disadvantaged section of the society.
- The worldwide experience shows that the SME sector is vital to entrepreneurship building and employment