Obstacles of SMEs to be solved

The obstacles faced for the development of SMEs are as follows-

1. Difficulties in access to finance;
2. Difficulties in transfer of technology;
3. Weakness in access to domestic and foreign markets;
4. Low technology and skills
5. Difficulties in access to information in timely manner;
6. Deficiencies in corporate governance;
7. Requirement of business development services;
8. Lack of appropriate taxation and incentives;
9. Lack of level playing field;
10. Incomplete infrastructures
11. Weakness in emergence of conductive business environment

Source: small and Medium Enterprises Development Policy Book (2015)