From News Desk
MSME Day was observed on 27th of June. MSME is an important sector in India, as it generates the largest number of employment in India and contributes to a large percentage of economic growth. It is important for this sector to grow for the economic health of the county. The MSMEs need to become self-sufficient to manage their operation and growth.
The UN observed that MSME Day 2025 comes at a pivotal moment—just ahead of the Fourth International Conference on Financing for Development in Sevilla and the Second World Summit for Social Development in Doha, amid shifts in the global trading landscape. It offers a timely opportunity to spotlight the vital role of micro, small and medium-sized enterprises (MSMEs) in driving inclusive growth and sustainable development, and to catalyze the finance, policy support, and enabling conditions they need to thrive.
The UN statement futher said that the micro, small and medium-sized enterprises are key sources of jobs, income and local growth – especially for women, young people and vulnerable groups. Their size and flexibility help build strong, fair and sustainable communities.
The UN added that however, many of these businesses face serious challenges. They often struggle to get loans, deal with poor infrastructure and work under tough conditions. Many operate informally, which limits their access to funding, legal rights, and government support.
The UN further said that today’s global challenges – like political tensions, climate change and digital shifts – make it even harder for them to survive. Supply chain issues, higher costs and uncertain markets have left many at risk. A huge global funding gap remains, despite clear opportunities to grow.
On this occasion, several leaders expressed their statements which are given below –
“MSMEs form the backbone of India’s economy, contributing nearly 30% to GDP and employing over 110 million people. They drive innovation, enable livelihoods and sustain local economies across urban and rural India. Yet, access to timely and affordable credit remains a key barrier to their growth. On MSME Day, we recognise their outsized role and the urgent need to support them with policies, capital, and opportunities. A thriving MSME sector is not just good economics – it’s essential for inclusive, resilient and sustained national prosperity.”
–Neha Juneja – CEO & Co-Founder of IndiaP2P
“Indian MSMEs have been instrumental in driving the nation’s economy and supporting the Prime Minister’s ‘Make in India’ vision. However, to truly empower this sector, we must prioritize the health and well-being of the employees who are the backbone of these businesses. Providing mandatory health insurance, access to healthcare services, and wellness programs can significantly improve the quality of life for workers. By partnering with healthcare companies and insurtech providers, MSMEs can create a healthier, more productive workforce. On MSME Day, let’s focus on building a future where health and prosperity go hand in hand.”
–Sudipta Sengupta, Founder and CEO, The Healthy Indian Project
MSMEs don’t thrive alone. They need access to people, ideas, capital, and the one chance that moves them forward. They form the foundation of India’s economic and social fabric. Drive innovation, create vital jobs, and enable sustainable growth from the ground up. Their challenges are real, but so is their potential to transform lives through resilience and creativity. Building strong links between entrepreneurs, communities unlocks MSMEs’ true potential. These connections provide crucial access to resources, markets that fuel innovation and strengthen resilience.
–Ankit Mathur, Co-founder & CEO, Greenway Grameen
“MSMEs are the backbone of India’s economy — generating livelihoods where they matter most. As per an ET article, in FY 2024–25 there were over 63 million active MSMEs in India, responsible for more than 45% of the country’s total exports. At our incubator, we focus on frugal innovation and practical, incremental value creation by supporting startups with low‑cost prototyping, local market testing, early‑stage compliance, and funding. Being part of a university ecosystem allows access to early users, research insights, and student talent — making testing and validation more effective. These grounded, scalable solutions help MSMEs grow sustainably and contribute directly to India’s GDP through local industrial and service impact.”
–Gaurang Shetty, Chief Innovation Catalyst, RIIDL Somaiya Vidyavihar University
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