Micro, Small and Medium-sized Enterprises Day 2022 : 27th June

  • Micro, Small and Medium-sized Enterprises (MSME) Day is observed on 27th June to aware the public about the contribution of MSME to economic growth.
  • The theme for International MSME Day 2022 or World MSME Day 2022 is “Resilience and Rebuilding: MSMEs for Sustainable Development”

Micro, Small and Medium-sized Enterprises (MSME) Day is observed every year on 27 June to recognize the contribution of these industries in the implementation of the Sustainable Development Goals (SDGs). According to the United Nations (UN), 90 percent of businesses originate from MSMEs and these businesses provide 60 to 70% of employment. MSMEs contribute 50% to the Gross Domestic Product (GDP) worldwide.

Micro, Small and Medium-sized Enterprises Day

Theme :

The theme for International MSME Day 2022 or World MSME Day 2022 is “Resilience and Rebuilding: MSMEs for Sustainable Development”

History :

Micro-Small and Medium-sized Enterprises Day was marked by the United Nations General Assembly at its 74th plenary meeting on 6 April 2017. The move came after the International Small Business Council (ICSB) announced the 2016 World Conference to recognize the urgent need. Role of MSMEs in Global Development.

Significance :

According to the United Nations, formal and informal MSMEs account for 70% of the total employment and 50% of the GDP. In addition, this sector makes up 90% of all firms. With such significant contribution to the economy, MSMEs are essential for innovations, job creation and productivity growth.
The 5th anniversary of MSME is being celebrated on 27th June, 2022. So as per the requirement of the market more MSMEs should be settled which will not only boost the economy but will also provide employment to the unemployed.

Qns : When is celebrated Micro, Small and Medium-sized Enterprises Day?

Ans : MSME Day is observed every year on 27th June to recognize the contribution of these industries in the implementation of the Sustainable Development Goals.

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