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2014-07-22

58% of SME units doing better than last year: Survey

A nationwide survey of MSMEs, instituted by the India SME Forum across the country, has revealed that 58 per cent of enterprises polled were doing far better business than last year in terms of turnover and profitability.

A nationwide survey of MSMEs, instituted by the India SME Forum across the country, has revealed that 58 per cent of enterprises polled were doing far better business than last year in terms of turnover and profitability; 24 per cent were doing marginally better than last year.

 

In terms of ease of starting or doing business in a state, Tamil Nadu topped the survey, with 92 per cent respondents extremely satisfied with policies, infrastructure, benefits and incentives. Gujarat came a close second with 91.75 per cent of the respondents from the state highlighting tremendous growth.

 

In terms of providing support for the country's MSMEs, the best-rated public sector banks were Bank of Baroda, Bank of India and State Bank of India and the best private banks were ICICI Bank and Yes Bank. In the category of non-banking financial companies, the best support was offered by Reliance Commercial Finance and Intec Capital. In the 'Best SME Exchange' category, BSE SME topped the survey.

 

The India SME Forum is a not-for-profit initiative, formed to propel the SME movement, by nurturing entrepreneurship and supporting innovative, globally competitive, SMEs in India, according to a press release issued by the organisation.

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