A BRIEF STUDY ON SAFETY, HEALTH AND ENVIRONMENTAL MANAGEMENT SYSTEM IN MICRO, SMALL & MEDIUM ENTERPRISES
Keywords:
ENVIRONMENT, RISK CONTROL, SAFETYAbstract
The potential for expansion of MSME is rather strong. It has been the primary driver of economic growth in India. The many obstacles that micro, small, and medium-sized enterprises (MSME) must overcome limit their potential for expansion. The obstacle presented by the budget is significant. The majority of micro, small, and medium-sized enterprises (MSMEs) have trouble acquiring appropriate and timely financial support. The insufficient funding causes the expansion plans to be halted in the middle of the process, which ultimately results in growth being compromised.
From their inception, micro, small, and medium-sized enterprises (MSME) have struggled to get funding that is both enough and timely.
The ability of MSME units to self-finance is far more important than their ability to borrow from institutions (which is more preferred option by large companies). In order to finance their daily operations, micro, small, and medium enterprises (MSME) typically seek financial assistance in the form of bank loans from public sector banks, regional rural banks, and urban co-operative banks. This is due to the fact that MSME are typically very small in size, have a lower risk desire, and take a more conservative stance.
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