Small and Medium-sized Enterprises (SME) are suitable an gradually more significant feature of economic growth and development not only in developed market-based economies but in evolution and emergent country as well. Due to their flexibility, vitality, and tendency for pioneering activity and risks, they are measured to be the most important initiators of monetary growth and a single most important originator of economic movement. The policy makers have acknowledged and accepted the role and importance of SMEs in generate high employment and promoting innovativeness and competitiveness of their economies, as key preconditions for achieving smart, sustainable and widespread development

SMEs, Employment, Development, Role, Indian Economy, Challenges.