Role of Small & Medium Scale Enterprises in Economic Development of Punjab.

Industrialization plays an important role for solving the problems of economic and social progress specially of the developing countries of the world. Small and Medium Enterprises (SMEs) have been considered as the engine of economic growth and a means of promoting equitable development. SMEs are vital and of paramount importance in the development of any country especially developing country like India because of employment generation, low capital investment, effective mobilization of resources and expansion of trade. This paper analyses the performances of MSMES in Punjab economy static the increase in the numbers of units, employment generated, increase in fixed capital, increase in export and focus on the policy changes. Technical development and strengthening of financial structure is needed for the growth of this tiny but important sector.