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Micro, Small and Medium Enterprises (MSMEs)

Published 27 Jun 2026. Access the PDF directly or read the stored explanation below.

UPSC English 27 Jun 2026

Micro, Small and Medium Enterprises (MSMEs)

Prelims:

Indian Economy, Science & Technology, Government Schemes

Mains:

GS Paper II - E-governance, GS paper III – Indian economy

Current relevance:

The Vice-President of India, participated in the International MSME Day 2026 celebrations held at Dr. Ambedkar International Centre.

 

 

Highlights:

About International MSME Day:

1.         The day was designated by the United Nations General Assembly through a resolution adopted in 2017.

2.       International MSME Day is observed every year on 27 June to recognize the significant contribution of Micro, Small and Medium Enterprises (MSMEs) to economic growth, employment generation, innovation, entrepreneurship, and sustainable development across the world.

3.       Theme (2026): "Human-Centered Entrepreneurship in an AI-Driven Future."

Role of MSMEs:

     It represents first-generation entrepreneurs, youth aspirations, women entrepreneurs and resilient small businesses.

Government Initiatives Launched:

1.         PMEGP 2.0 Portal

2.       Samadhaan 2.0 Portal

3.       Procurement & Marketing Support (PMS) 2.0 Portal

4.       MSME Global Mart 2.0 Portal

5.       Testing Centre Portal

6.       Multilingual enablement initiative

7.       MSME Idea Hackathon 6.0

8.       E-books on Self-Reliant India (SRI) Fund and PM Vishwakarma Scheme

9.       New KVIC products launched

Government's focus on digital transformation, AI adoption, quality manufacturing, entrepreneurship, financial inclusion, and formalisation of MSMEs, reinforcing the sector's role as a key pillar of employment generation, inclusive growth, and the vision of Viksit Bharat @2047.

 

Source: PIB- https://www.pib.gov.in/PressReleasePage.aspx?PRID=2278390&reg=48&lang=1

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