ANALYSING THE ROLE OF SMALL AND MEDIUM ENTERPRISES FOR ECONOMIC DEVELOPMENT OF SOUTERN PUNJAB, PAKISTAN

Abstract

Imperative role has been played by Micro, small and medium enterprises (SMEs) in many developed and developing country’s economy. This research seek out to congregate statistics and data from all pertinent primary and secondary resources on the local level where SMEs applied their impact on Pakistani economy and also explain problem faced by SMEs. The Research outcome may either validate the affect of SME in national growth or nullify the belief that SMEs drive country economy. This research elaborates the affect of SMEs on unemployment, infrastructure development, innovation and most of the all economy or GDP. It reveals that Business profitability is dependent on the time duration and type of business or not, either SMEs attract banks and financial institutions, either government is supporting SME sector or not, Either our new generation is equipped with entrepreneurial skills and financial literacy, are they inclined towards business? What are the factors affecting SMEs and entrepreneurship. This study concludes the ways and methods by the help of that we can improve our SME sector to fully utilize it for prosperity and economic development.