Event | MSME Day |
Date | June 27 |
Established by | United Nations (2017) |
Purpose | Recognize MSMEs' contributions to economic development, job creation, innovation, and sustainability. |
Theme for 2025 | "Enhancing the role of MSMEs as drivers of Sustainable Growth and Innovation." |
Global Significance of MSMEs | Represent 90% of all businesses, 60-70% of employment, and 50% of global GDP. |
MSMEs in India | Over 6.5 crore registered MSMEs contribute 31% of GDP, 45% of exports, and employ 28 crore people. |
Revised MSME Classification (India, 2025) | Investment up to Rs 125 crore, turnover up to Rs 500 crore. |
Challenges Faced by MSMEs | Lack of finance, poor infrastructure, policy fragmentation, climate change, digital divide. |
Government Initiatives (India) | Credit Guarantee Scheme, Mandatory procurement by CPSEs, Digital Adoption, Udyam Portal registration. |
Digital Adoption by MSMEs (India, 2025) | 90% use digital payments, 18% benefited from digital lending, one-third adopted sustainable practices. |
Awards | National MSME Awards to recognize exemplary enterprises and encourage innovation. |
Future Focus Areas | Affordable finance, green technologies, digital infrastructure, industry-academia collaboration, ease of doing business. |