International Micro, Small, and Medium Enterprises (MSME) Day or World MSME Day is observed every year on 27th June all over the world to highlight the significance of MSMEs and how they play a crucial role in being the backbone of the country’s economy.
The theme MSME Day 2023 in India is “Future-ready MSMEs for India@100.” The Global Council for the Promotion of International Trade is also celebrating the day with “Building a Stronger Future Together” theme of this year. The global body is also launching #Brand10000MSMEs Network, a dynamic platform where MSMEs from around the world can connect, learn, and grow together.
MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions.
Here are some of the essential features of MSMEs
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