The Tiruchengode based SSM Group of Institutions has signed a memorandum of understanding (MoU) with Yunus Social Business Centre, promoted by Muhammad Yunus, Nobel Laureate and founder of Grameen Bank, Bangladesh, for promotion of education, research, and information gathering.
The MoU will implement action plans in each other’s cultures and values that drive business and social changes as a part of mission to promote social business to assist the economic development of the poor in the developing countries.
Dr. Muhammad Yunus and M. S. Mathivanan, Chairman of the SSM Group of Institutions, signed the MoU, on behalf of their respective institutions on Thursday in the presence of Peng Choo, founder of Stemsel Social Business Centre, Australia, at a function held in Dhaka recently.
Stemsel Social Business Centre, Australia, was associated with the MoU to implement the social business ventures jointly.
Incubation facilities
Speaking on the occasion, Dr. Muhammad Yunus said that educational institutions can set up incubation facilities to support the economically weaker sections and help them become social entrepreneurs. He said that the theme of the Yunus Social Business Centres was ‘zero poverty, zero unemployment and zero net carbon’.
In a press release issued here on Saturday, Mr. Mathivanan said that the SSM Institutions and related organisations will implement the ideals and objects of the Yunus Social Business Centre with the support of the Entrepreneurial Development Cell functioning under the Union Ministry of Science and Technology, New Delhi.
