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International MSME Day: June 27

STRONG PILLARS OF THE ECONOMY

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian
economy. It provides employment opportunities to local communities through its
network of over six crore enterprises. To achieve these goals and encourage innovation,
the United Nations annually observes 'International MSME Day' on June 27.

n MSME is always contributing in many sectors,
including embroidery-weaving, medicine,
farm-barn, playground, textile, arms, wool,
and energy.

n MSME is not just an industry but an important MSMEs, or small-scale industries, are the
part of our heritage, tradition, and life. The source of livelihood for crores of countrymen
identity of many cities is due to the small- and play an important role in the economy. It
scale industries running in those cities. is the second-largest sector providing em-

n The Central Government is running a pro- ployment after agriculture. If agriculture is the
gramme for skill development and IT solu- backbone of India's economy, then MSMEs
tions for MSMEs and new entrepreneurs, and
are its strong points, which work to accelerate
it has also launched a useful portal called
the progress of the country.
Champions (www.champions.gov.in).
- Narendra Modi, Prime Minister

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