SME’S strategic involvement in sustainable development


Summary

This video discusses the crucial role of small and medium enterprises (SMEs) in national growth, emphasizing their significance as employers and agents of sustainable development. It dives into the definition of SMEs by the Ministry of MSME, highlighting their investment limits for manufacturing and service enterprises. The video also touches on initiatives like the 'aspire' scheme to drive innovation in SMEs and the support for Livelihood Business Incubators (LBIs). Additionally, it showcases the benefits of implementing innovations in SMEs, such as cost-saving measures, productivity improvements, and tailored product offerings, while emphasizing the importance of social and environmental initiatives for holistic development.


Introduction to SME's and Sustainable Development

Discussion on the importance of small and medium enterprises in national growth, their role as employers, and the concept of sustainable development.

Definition of Sustainable Development

Exploration of sustainable development as a balanced approach to economic progress and environmental conservation.

Definition of Small and Medium Enterprises (SMEs)

Explanation of the definition of SMEs by the Ministry of MSME, including limits based on investment in plant and machinery for manufacturing and service enterprises.

Promotion of Innovation in SMEs by Ministry of MSME

Overview of the 'aspire' scheme to promote innovation and entrepreneurship in small and medium enterprises, along with the support for Livelihood Business Incubators (LBIs).

Relationship Between Sustainable Development and Innovations in SMEs

Exploration of how sustainable development and innovations in SMEs relate to economic, social, and environmental dimensions for holistic development.

Benefits of Innovations in SMEs

Explanation of the benefits of implementing innovations in small and medium enterprises, including cost-saving measures, productivity improvements, and customized product offerings.

Social and Environmental Initiatives in SMEs

Discussion on social and environmental initiatives in SMEs, including waste reduction, noise pollution control, employee safety, and eco-friendly practices.

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