World MSME Day Celebration

This year on 27 June we would like to celebrate for the first time the Micro-, Small and Medium-sized Enterprises Day at MSME DI Campus in association with your institution. Those enterprises, which generally registered as MSME, are the backbone of most economies worldwide and play a key role in developing countries.

MSME Day highlights the strong contribution of MSMEs worldwide to livelihoods, communities and economies and the need to support MSMEs towards their success.

Objectives

• Raise public awareness about the importance of MSMEs to economic growth and international development.
• Advocate for and provide increased support to MSMEs.

Slogan

The campaign slogan is ‘Small Business, Big Impact.’

Key facts

• MSMEs make up over 90% of the world’s economy.
• MSMEs account for more than 70% of all jobs worldwide.
• There are 500 million MSMEs in the world today.

Key messages

• MSMEs are major job providers and catalysts for growth.
• MSMEs are a critical force in realizing the Sustainable Development Goals (SDGs).
• MSMEs promote innovation, creativity and decent work for all.

The ‘ask’

• MSMEs require access to capacity building and financial services to reach their full potential.
• Informal MSMEs are encouraged to join the formal (official) economy.
• MSMEs are encouraged to participate and grow in international, regional and national markets.
• MSMEs are encouraged to adopt sustainable and responsible business practices.

Challenges

• International competition from larger businesses can stifle MSMEs’ growth.
• MSMEs tend to not benefit from the economies of scale, political leverage or ease of access to capital that large firms profit from.
• Standards and regulations can be difficult to meet and respect for MSMEs.

How to mark MSME Day

• Research presentations
• Policy discussions
• Practitioner workshops
• Business owner testimonials
• Communication activities

Confederation of Indian Micro, Small and Medium Enterprises is going to celebrate World MSME Day along with it’s local industrial association and government departments.