Small and medium industries play vital role in the economic development specially the countries of emerging economy. They are engaged in manufacturing, services and trading sector. Small and Medium Enterprises (SMEs) are treated as the engines of growth and drivers of innovation worldwide. They play a significant role in driving economic growth and creating jobs. In Bangladesh, the sector is changing the face of the economy. SMEs are playing a vital role for the country's accelerated industrialization and economic growth, employment generation and reducing poverty. SMEs now occupy an important position in the national economy. They account for about 45 percent of manufacturing value addition, about 80 percent of industrial employment, about 90 percent of total industrial units and about 25 percent of the labour force. Their total contribution to export earnings varies from 75 percent to 80 percent. The industrial sector makes up 33 percent of the country's gross domestic product (GDP), most of which is coming from the SMEs. The total number of SMEs in Bangladesh is estimated to be 82,00,000 establishments. Of which, 92 percent are micro and small, and 8 percent are medium enterprises.