Authors:

Padmini Tomer

Abstract:

India has strong potential to achieve its goal of becoming developed nation till 2047. To achieve this goal Viksit Bharat initiative has been undertaken by Indian government backed by slogan ‘Bold Vision. Brighter Future’. The purpose is to fill Indian economy with features like sustainability, proper governance, social upliftment and prosperity. The main vision behind this initiative is to achieve sustainable development goal by initiating efforts in social, economical, environmental and governance areas. Due to environmental degradation and social inequality, sustainable development becomes main topic of discussion these days. Micro, Small and Medium Enterprises (MSMEs) are also accountable for their obligation towards society and environment. As per data released by World Bank in the year 2019, world Greenhouse Gasses (GHG) emission was 46.3 billion tonnes CO2 and out of this India’s share was 3.4 billion tonnes. Most of the GHG emissions in India come from industrial sector and contribution of MSMEs in this area is quite significant. However, major step taken by Indian government towards this is ‘Zero Defect Zero Effect’ (ZED) initiatives. This paper presents sustainability practices in Indian MSMEs and highlights the green technology and green financing practices available for MEMEs. This paper discussed the area where green financing is required and also summarizes the government initiatives for easy access to green financing by MSMEs.   

Keywords:

MSME, MSMED Act, Sustainable practices, Green Technology, Green Financing

Vol & Issue:

VOL.17, ISSUE No.4, December 2025