World MSME Day: The World MSME Day is observed annually on June 27. The United Nations General Assembly had in April 2017 designated June 27 as World MSME Day. The day serves as a reminder that small enterprises provide sustainable development goals, encourage innovation and provide a livelihood to millions.
The World MSME Day this year is being observed under the theme of ‘Resilience and Rebuilding: MSMEs for Sustainable Development’.
Micro, Small and Medium Enterprises (MSMEs) are considered to be the backbone of India’s socio economic development. MSMEs have emerged as the second-largest employment generating sector after agriculture. The sector is a key driver of employment growth and considerably contributes to the country’s GDP by manufacturing a wide range of products and services.