Why SMEs find it difficult to grow fast like large industries
In India, Small Medium Enterprises (SME) sector faces several issues in their course of business. At times, even government interventions can slow down the growth rate of SMEs. As per the current scenario, although the Government of India has come up with different schemes and regulations for the SME sector in India, majority of them don’t have an easy access to them.
Inequivalent information brings difficulty in the Profitable growth of small firms. Apart from the instability in the growth of SME’s, the entry of new SME competitors also raise a fear of survival.