Study of Government Support System in SMEs: An Empirical Investigation

Abstract

The SMEs (Small and Medium Enterprises) have created its own place and value universally, no matter how tough global competition is there in international market. This research work was undertaken to assess the increase in importance of SMEs in growing nations such as Pakistan and to highlight the importance of SMEs. This paper is validated through research work undertaken by domestic and worldwide scholars. Research work was carried out in enterprises of Sindh, province of Pakistan, using questionnaire and personal discussions with business owners/entrepreneurs of enterprises. Their response was very positive on parameters which were focused towards taxation policies (Rebate), government technological support, financial support and loan facilities. In addition to this, the results were further investigated and measured through statistical measures such as mean/average, which indicate that majority of enterprises, were not happy with country\'s administration in terms of support they receive. Whereas, there are noticeable indications that government\'s assistance to small and medium enterprises is very necessary at every stage. Enterprises which have received assistance from their governments have proved to be successful in developing nations.