Strictly speaking, the difference between SMBs and SMEs are blurred. An SMB is a small-to-medium sized business, whereas an SME is a small-to-medium sized enterprise. Generally speaking, a company is usually associated with the service industry, where an enterprise is involved in manufacturing.
Some of the common SMBs in India include – restaurants, cafes, retail outlets, grocery stores, traders, travel agencies, spas, salons, auto garages and more. Some of the familiar SMEs in India include cottage-industries, small-scale manufacturers, and other enterprises that produce a manufactured product.