SME Development Institutions IN GEORGIA

Abstract

SME development is strategically important for the country’s economic development. This field is responsible for employment growth and job creation. Due to these main reasons and considering its contribution to economic development and growth, we can say, SME sector performs the function of backbone of the economy for any country.

SME has a social sign finance in countries with developed economy. It promotes the formation of the middle class in society. This is why stable development of this field is the prerequisite of sustainable economic development. 50 to 70% of developed countries’ GDP is produced by small and medium-sized enterprises. Taking all this into consideration,

keeping the fast pace in development of SME is regarded as a priority by the governments of developed countries. In the presented work we analyzed and discussed the De ignition of SME, its role and development trends in Georgia, state support policy.