Small and medium undertakings (SMEs ) also called small and medium scale ventures are the basic piece of sound economy. The SME area speaks to more than 90 percent of endeavors in a large portion of the creating nations and contributes 40-60 percent of the aggregate yield or esteem added to the national economy. SME segment in India is the key driver of the country's financial development with a commitment of more than 40 percent of the nation's modern yield and around 35 percent of direct exports and another 15 percent of indirect exports. As far as work is concerned, it is an extremely essential area being the second biggest segment after farming. As of late the SME part has reliably enrolled higher development rate contrasted with mechanical area. Small is wonderful yet is it Powerful? Indeed, say the SMEs. SME part faces various issues - absence of funds, restricted learning and non-accessibility of reasonable innovation, low generation limit, ineffectual e-promoting and distinguishing proof of new markets, imperatives on modernization and developments, no accessibility of exceptionally talented work at moderate expense, catch up with different organizations in tackling normal exercises and absence of communication with government offices on different issues. SMEs have solid innovative base, universal business standpoint, aggressive soul and eagerness to rebuild them will withstand the present difficulties and turn out with sparkling hues to make their own commitment to the Indian economy.

Keywords: Industry, Cost, Technology, Marketing, SMEs, Sound Economy, FB-SSIs.