Every year on June 27, the world celebrates Micro-, Small and Medium-sized Enterprises (MSME) Day. This important observance highlights the crucial role these businesses play in our economies and communities.
The 2024 theme focuses on “Leveraging Power and Resilience of Micro-, Small and Medium-sized Enterprises (MSMEs) to Accelerate Sustainable Development and Eradicate Poverty in Times of Multiple Crises“. This theme recognizes the potential of MSMEs to drive progress towards the United Nations Sustainable Development Goals (SDGs).
MSMEs are the backbone of economies worldwide:
These businesses play a vital role in:
As we approach the 2030 deadline for achieving the SDGs, progress has slowed. Many countries face interconnected challenges:
These issues contribute to rising poverty and hunger globally. However, MSMEs have shown remarkable resilience in the face of adversity. With proper support, they can be powerful drivers of sustainable development.
To unlock the full potential of MSMEs, various groups must work together:
MSMEs have a unique ability to contribute to multiple SDGs:
Around the world, various events and activities will mark MSME Day:
These events aim to:
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