More than 500 Lakhs MSMEs exist currently and over the last 5 decades in India. This SME sector has grown dynamically contributing 45 percent of India's GDP according to 'Micro Merchant Market Sizing and Profiling Report' which also shows it provides employment to around 46 crores people in India and is growing at a fast rate of 11.5 percent every year. This MSME sector has enormous potential for growth in the coming years while eradicating poverty & unemployment, which is the biggest enemy of this nation.

In spite of the tremendous potential it promises, the nation's micro, small and medium businesses are plagued by various challenges.

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