As per the definition provided by the Ministry of Micro, Small and Medium Enterprises (MSME), a Small and Medium Enterprise (SME) is an enterprise with an investment in plant and machinery of less than Rs. 25 crore.

SMEs contribute around 35% to the Indian economy's GDP.

SMEs generate around 40 million jobs in India.

SMEs in India face a number of challenges, including access to finance, lack of infrastructure, and competition from large enterprises.

The government has taken a number of initiatives to support SMEs in India, including providing financial assistance, developing infrastructure, and promoting entrepreneurship.

SMEs play a crucial role in promoting inclusive growth in India by creating employment opportunities for the marginalized sections of society, promoting entrepreneurship and innovation, and contributing to regional development.

SMEs play a significant role in promoting sustainable development in India by adopting environmentally friendly technologies, promoting resource efficiency, and creating awareness about sustainable practices.

The key success factors for SMEs in India include innovation, entrepreneurship, and access to finance.

SMEs in India face a number of challenges in accessing finance, including high interest rates, lack of collateral, and complex application procedures.

The government has taken a number of initiatives to address the challenges faced by SMEs in accessing finance, including providing credit guarantees, setting up specialized financial institutions, and simplifying application procedures.

Technology plays a crucial role in promoting the growth of SMEs in India by helping them reach a wider market, reducing costs, and improving efficiency.

SMEs in India face a number of challenges in adopting technology, including lack of awareness, lack of skills, and high cost.

The government has taken a number of initiatives to promote technology adoption by SMEs in India, including providing financial assistance, setting up technology incubation centers, and conducting training programs.

SMEs play a significant role in promoting exports from India by contributing to export diversification, helping in exploring new markets, and creating employment opportunities.

SMEs in India face a number of challenges in exporting, including lack of information about export procedures, lack of access to finance, and competition from large enterprises.