World MSME Day - 27 June

Tags: Important Days

International Micro, Small and Medium Enterprises (MSME) Day or World MSME Day is observed across the world on 27 June every year.

An Overview of the News

• The day highlights the importance of MSMEs and their role as the backbone of the country's economy.

• The theme of MSME Day 2023 in India is "Future-Ready MSMEs for India@100".

• The Global Council for the Promotion of International Trade celebrates the day with the theme "Building a Stronger Future Together".

• The Council is launching the #Brand10000MSMEs network, a platform for MSMEs across the globe to connect, learn and grow together.

History of International Micro, Small and Medium Enterprises (MSME) Day

• The United Nations (UN) designated June 27 as Micro, Small and Medium-Sized Enterprises Day and this was done through a resolution passed in the United Nations General Assembly in April 2017.

• In May 2017, a program titled 'Enhancing National Capabilities to Unleash the Full Potential of MSMEs in Achieving the Sustainable Development Goals (SDGs) in Developing Countries'was launched.

• The objective of the program is to support and enhance the capabilities of MSMEs, especially in developing countries, to maximize their contribution to achieving the SDGs.

• The program is funded by the 2030 Agenda for Sustainable Development sub-fund of the United Nations Peace and Development Fund.

June 2023 Days and Themes