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World MSME Day is celebrated on which day every year?
A)
June 26
B)
June 27
C)
June 28
D)
June 29

Correct Answer :   June 27


World MSME Day is observed on June 27 every year to raise awareness about the importance of micro, small, and medium-sized enterprises in promoting inclusive and sustainable development worldwide.

According to the United Nations data, the MSMEs account for up to 90% of businesses, over 60% to 70% of jobs worldwide, and half of global GDP.


World MSME Day 2023 Date :

The United Nations General Assembly on 6 April 2017 designated 27 June as “Micro-, Small, and Medium-sized Enterprises Day" (A/RES/71/279) to raise awareness of the tremendous contributions of MSMEs to the achievement of the United Nations Sustainable Development Goals (SDGs).


World MSME Day 2023 Theme :

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.


World MSME Day 2023 Significance :

MSMEs hold the potential to transform economies, foster job creation, and promote equitable economic growth if given adequate support.

The MSMEs are providing financial independence to the most vulnerable section of our society. Based on available data, the rate of women’s employment in registered MSMEs stands at about 24%, while in unregistered enterprises, it is reported at 13.02%. Financial inclusion can play a significant role in promoting gender equality, with evidence indicating that 80% of women-owned businesses facing credit needs are underserved or completely unserved, resulting in a financing gap of approximately $1.7 trillion.

The MSMEs day also focus on supporting resilient supply chains to ensure workers and the environment benefit. Supply chains are a critical component of global trade and commerce, and conflicts, disasters, and pandemics can quickly impact their functioning, increasing costs and making transactions more difficult.

The MSME Day event aims to highlight their pivotal role and explore opportunities for their further advancement. The events also provide a platform for small business owners to tell their stories of entrepreneurship and its challenges, while governments, international organizations and business support organizations show their commitment to support..

Source : Mint

Published On : June 27, 2023
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