Vision, Mission, and Objectives of Laghu Udyog Bharati (LUB)
Vision
To establish a sustainable and globally competitive ecosystem for Micro, Small, and Medium Enterprises (MSMEs) in India, ensuring their significant contribution to the nation’s economy and self-reliance (Atmanirbhar Bharat). LUB envisions fostering entrepreneurship, innovation, and industrial growth, making India a hub for small-scale industries that drive socio-economic development, generate employment, and strengthen rural and urban economies.
By empowering the MSME sector through policy advocacy, skill development, and technology integration, LUB aims to bridge the gap between traditional industries and modern industrial advancements, ensuring long-term sustainability and competitiveness.
Mission
LUB is committed to strengthening the MSME sector by:
✅ Providing a Unified Platform – Uniting micro, small, and medium enterprises to collectively address challenges, share resources, and promote best practices.
✅ Policy Advocacy and Representation – Actively engaging with the government and policymakers to create favorable business regulations, reduce bureaucratic hurdles, and enhance ease of doing business for MSMEs.
✅ Technology, Skill Development & Innovation – Facilitating access to cutting-edge technology, training programs, and research-based solutions to enhance efficiency, productivity, and competitiveness.
✅ Financial and Market Support – Improving access to credit, investment opportunities, and market linkages through collaborations with financial institutions, trade organizations, and global markets.
✅ Promoting Entrepreneurship & Startups – Encouraging new business ventures by supporting startups, grassroots entrepreneurs, and traditional artisans, helping them scale their businesses.
✅ Encouraging Sustainability & Compliance – Promoting eco-friendly business practices, labor law adherence, and ethical governance to ensure responsible industrial growth.
✅ Fostering Collaboration & Networking – Building a strong MSME network by connecting businesses with industry experts, policymakers, global markets, and research institutions.
Objectives of Laghu Udyog Bharati (LUB)
1. Advocacy for MSMEs
📌 Represent and advocate for MSME-friendly policies at the national, state, and local levels.
📌 Act as a bridge between small industries and the government to resolve regulatory and operational challenges.
2. Promotion & Growth of MSMEs
📌 Encourage the establishment and expansion of small-scale industries through knowledge-sharing, mentorship, and incubation programs.
📌 Provide sector-specific support to MSMEs in manufacturing, services, and trade.
3. Skill Development & Capacity Building
📌 Organize training programs, workshops, and seminars to upgrade skills and knowledge in areas such as production techniques, digital transformation, and quality control.
📌 Enhance entrepreneurial competencies and managerial skills for better business performance.
4. Networking & Collaboration
📌 Facilitate B2B and B2G connections to enable partnerships, joint ventures, and new business opportunities.
📌 Organize business summits, conferences, and industrial meet-ups for MSME exposure.
5. Access to Finance & Markets
📌 Bridge the gap between MSMEs and financial institutions for better access to loans, grants, and funding schemes.
📌 Organize trade fairs, buyer-seller meets, and export promotion events to connect MSMEs with new domestic and international markets.
6. Technology & Innovation
📌 Support technology adoption, automation, and digitalization in MSMEs to enhance efficiency and productivity.
📌 Promote research and development collaborations with universities, startups, and innovation centers.
7. Sustainability & Compliance
📌 Encourage MSMEs to adopt eco-friendly business practices and energy-efficient production methods.
📌 Ensure compliance with industrial laws, safety regulations, and labor policies for ethical and responsible business operations.
Conclusion
Laghu Udyog Bharati (LUB) stands as a pillar of strength for MSMEs, driving their growth, resilience, and long-term sustainability. Through strategic initiatives, policy advocacy, and industry collaboration, LUB continues to empower small businesses, fostering an environment where innovation, sustainability, and entrepreneurship thrive—making India a global leader in the MSME sector.
