Impact of Small & Medium Enterprises on Poverty: A Case Study of Khanewal District-Pakistan

Abstract

This paper seeks for a hypothetically sound and empirically validated justification of small and medium-sized enterprise (SME) growth to serve as a strong base for the growth of the economy and having a dominant effect on the removal of poverty from the backward areas in Pakistan. Its role in the phase of growth is undeniable.  Research has been conducted to analysis it in the area of Khanewal. Collected data shown that contribution of small and medium enterprises is remarkable place in the removal of poverty and unemployment.   Also there is a significant role in raising level of income.  Policy should be adopted to increase its share in the economy.

Key words: Small and Medium Enterprises, Poverty, Economic Development, Ordinary Least Square