Please refer to the article:

"The Role of SMEs in Modern Economy "

at

http://mer.ase.ro/files/2011-1/25.pdf

See "ANNUAL REPORT ON EUROPEAN SMEs 2012/2013"

http://th.enterprise-europe-germany.de/public/uploads/een-th/downloads/annual-report-smes-2013_en.pdf

Dear @Manvendra, here are some research paper about the issue! SME should enhance social development of the community. They should act as socially responsible companies.

Article Role of SMEs in the Economic and Social Development: Case of...

Conference Paper The role of Islamic micro finance in economic and social dev...

Article Policies to enhance social development through the promotion...

SME's are more than just business units, they also are drivers of enterpreunerships and personal liberty.

HORIZON 2020 - research and innovation for growth, employment and sustainable development!

SMEs are often seen as entities that are by and large dependent of larger industrial players rather than autonomous enterprises,where new ideas can be generated. This vision of SMEs has often led to policies and programmes providing for SMEs involvement only through participation of large industry players, not taking enough into account their specific needs and their real innovative potential. SMEs, from start-ups to mid-caps, in technological and non-technological areas, can be and often are leading innovative activities on their own initiative. Successful examples exist of innovative SMEs being fast growing start-ups in new technological areas, or more traditional manufacturing companies participating in complex supply-chains. It is therefore essential that, in order to successfully participate in the innovation system, SMEs are put in the driving seat of their innovative activities and that support be better tailored to their real needs...

Such approach will enable SME to contribute to local community and it will improve social well being.

http://www.efpia.eu/uploads/H2020-%20September%20Issue.pdf