The President of India, Smt Droupadi Murmu graced and addressed the MSME Day celebration in New Delhi right this moment (June 27, 2025).
Talking on the event, the President mentioned that Micro, Small and Medium Enterprises (MSMEs) are a powerful pillar of the nation’s economic system. They contribute considerably to GDP and promote innovation on the grassroots stage. A sturdy MSME ecosystem just isn’t solely necessary but additionally important for the nation’s sustainable financial growth. These enterprises generate extra employment alternatives at a comparatively low value of capital. Most significantly, these enterprises generate employment in rural and backward areas. On this manner, the MSME sector contributes to inclusive progress by empowering weaker sections and decentralizing growth.
The President mentioned that there isn’t any doubt that the MSME sector is taking part in an necessary function within the progress of the nation. Nevertheless, this sector additionally faces many challenges, the key ones amongst them being the issue of finance, competitors from massive companies, lack of newest know-how, lack of uncooked materials and expert workforce, restricted market and delayed fee.
The President mentioned that, realizing the significance of MSMEs and their issues, the Authorities of India has taken a number of coverage initiatives. These embrace revision of classification standards for MSMEs, improve in credit score availability, encouragement of central ministries, departments and central public sector enterprises to acquire a minimum of 35 % of their annual procurement necessities from micro and small enterprises, ability growth of artisans below the PM Vishwakarma Yojana, and so on. She was blissful to notice that these efforts have led to a really fast improve within the variety of registered MSMEs. She expressed confidence that the On-line Dispute Decision Portal for MSMEs will show to be necessary in instances of delayed funds.
The President mentioned that innovation is essential for the sustainability of MSMEs. Promotion of grassroots innovation by MSMEs can present inexpensive options to native points from native sources.
The President was blissful to notice the rise in participation of girls within the MSME sector lately. She mentioned that the participation of increasingly more girls on this sector is important for the all-around growth of the nation. She urged the younger girls to arrange enterprises and grow to be self-reliant.
The President mentioned that MSMEs are contributing considerably to India’s financial progress, however they’re additionally answerable for a big share of power consumption and emissions. Selling inexperienced know-how within the MSME sector is the necessity of the hour. This won’t solely improve the sustainability and competitiveness of MSMEs however will even assist the nation obtain its local weather targets.
