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Sustainable Financing: A Key Driver for the Growth of Small and Medium Enterprises

Sustainable Financing: A Key Driver for the Growth of Small and Medium Enterprises

Sargunpreet Kaur, Anurag Pahuja, Pawan Kumar
Copyright: © 2024 |Pages: 18
ISBN13: 9798369301111|ISBN13 Softcover: 9798369301128|EISBN13: 9798369301135
DOI: 10.4018/979-8-3693-0111-1.ch012
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MLA

Kaur, Sargunpreet, et al. "Sustainable Financing: A Key Driver for the Growth of Small and Medium Enterprises." Drivers of SME Growth and Sustainability in Emerging Markets, edited by Sumesh Dadwal, et al., IGI Global, 2024, pp. 224-241. https://doi.org/10.4018/979-8-3693-0111-1.ch012

APA

Kaur, S., Pahuja, A., & Kumar, P. (2024). Sustainable Financing: A Key Driver for the Growth of Small and Medium Enterprises. In S. Dadwal, P. Kumar, R. Verma, & G. Singh (Eds.), Drivers of SME Growth and Sustainability in Emerging Markets (pp. 224-241). IGI Global. https://doi.org/10.4018/979-8-3693-0111-1.ch012

Chicago

Kaur, Sargunpreet, Anurag Pahuja, and Pawan Kumar. "Sustainable Financing: A Key Driver for the Growth of Small and Medium Enterprises." In Drivers of SME Growth and Sustainability in Emerging Markets, edited by Sumesh Dadwal, et al., 224-241. Hershey, PA: IGI Global, 2024. https://doi.org/10.4018/979-8-3693-0111-1.ch012

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Abstract

In the present era, sustainability is the most important aspect in innovation and financing. While the integration of sustainability into financing and innovation has been adopted in large enterprises but when it comes to SMEs, they are still lagging behind. Sustainable financing plays a significant role in driving the growth and success of small and micro enterprises (SMEs). SMEs, being essential contributors to the global economy, often face numerous challenges in accessing finance. Limited access to capital hinders their ability to expand, invest in resources, and innovate. The chapter aims to explore the importance of sustainable financing in promoting the growth and development of SMEs along with highlighting innovative financing models and challenges they pose. Additionally, the chapter discusses government initiatives, best practices, and case studies that demonstrate successful sustainable financing for SMEs. Finally, it throws light upon the future trends and opportunities in sustainable financing that can further support SMEs in their journey towards economic prosperity.

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