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Micro Small and Medium Sized Enterprises Day

On Micro Small and Medium Sized Enterprises Day, let's support and recognize the hardworking entrepreneurs who are driving our economy forward!
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When it is?
June 27
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Category
Cause
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Country
United States
Introduction

Get ready to celebrate and support small businesses on Micro Small and Medium Sized Enterprises (MSME) Day on June 27! This day, established by the United Nations in 2017, recognizes the important role that micro, small, and medium-sized enterprises play in creating jobs and promoting economic growth. These businesses make up a significant portion of the global economy and contribute greatly to our communities. So let's use this day to show our appreciation for all the hardworking entrepreneurs out there who are making their dreams come true while also benefiting society. Happy MSME Day!

History of Micro Small and Medium Sized Enterprises Day

Micro Small and Medium Sized Enterprises Day Dates

Micro Small and Medium Sized Enterprises Day Timeline

<div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1945</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Establishment of UN</div><div class='timeline-text'>The United Nations was established, later becoming a promoter of international awareness days such as MSME Day.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1950s</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Small Business Era</div><div class='timeline-text'>Post WWII era saw an increased focus on small businesses as drivers of economy, setting the stage for future initiatives like MSME Day.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1971</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Microcredit Revolution</div><div class='timeline-text'>Prof. Muhammad Yunus starts the microcredit revolution, providing small loans to the impoverished in Bangladesh, underpinning the importance of small enterprises.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2005</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Year of Microcredit</div><div class='timeline-text'>United Nations declares 2005 the International Year of Microcredit, highlighting the significance of micro financing for small and medium enterprises.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2016</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Recognition of MSME Importance</div><div class='timeline-text'>United Nations General Assembly recognizes importance of Micro, Small and Medium sized enterprises in achieving global development goals.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2017</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>First MSME Day</div><div class='timeline-text'>The United Nations General Assembly declares June 27 as the official International Day for Micro, Small and Medium Sized Enterprises.</div></div></div>

How to Celebrate Micro Small and Medium Sized Enterprises Day

<div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>1</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Support local businesses</h3><p id='' class='facts-text'>On Micro Small and Medium Sized Enterprises Day, make a conscious effort to support small businesses in your community. This could mean shopping at a local market or boutique, eating at a family-owned restaurant, or hiring a small business for a service you need.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>2</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Attend a small business workshop</h3><p id='' class='facts-text'>Many organizations offer workshops and events specifically geared towards helping small businesses succeed. Take advantage of these opportunities on Micro Small and Medium Sized Enterprises Day to learn more about running a successful small business.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>3</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Share your favorite small businesses on social media</h3><p id='' class='facts-text'>Spread the word about your favorite local small businesses by posting about them on social media. Use hashtags like #MSMESday and #ShopLocal to help promote these important enterprises.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>4</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Volunteer at a small business</h3><p id='' class='facts-text'>Offer your time and skills to a small business in need. This could mean helping out with their social media presence, designing flyers for an event, or simply lending a hand in the shop.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>5</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Host a networking event</h3><p id='' class='facts-text'>Bring together small business owners in your community for a networking event. This is a great way for them to connect and support each other, and may even lead to collaborative opportunities in the future.</p></div></div>

Why Micro Small and Medium Sized Enterprises Day is Important

<div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>A</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Supporting small businesses strengthens the economy</h3><p id='' class='whywelove-text'>Micro, Small and Medium Enterprises (MSMEs) make up a significant portion of the global economy. By supporting these businesses on their special day, we are contributing to the growth and stability of our local and national economies.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>B</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Empowerment of entrepreneurs and innovation</h3><p id='' class='whywelove-text'>MSMEs often have fewer resources and face more challenges than larger companies. However, they also have the potential for great innovation and creativity. Celebrating this day acknowledges and supports the hard work and dedication of these entrepreneurs, and encourages others to pursue their own business ventures.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>C</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Celebrating diversity within the business world</h3><p id='' class='whywelove-text'>MSMEs come in all shapes and sizes, representing diverse industries, cultures, and backgrounds. By recognizing this day, we celebrate the unique contributions that these businesses bring to our communities, promoting diversity and inclusivity within the business world.</p></div></div>

5 Breathtaking Facts for MSME Day

<div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>1</p></div><div class='facts-core-content'><h3 class='facts-title'>MSMEs are the Backbone of Most Economies</h3><p class='facts-content'>Micro, Small and Medium-Sized Enterprises represent over 90% of all firms and account on average for 60-70% of total employment and 50% of GDP worldwide, highlighting their vital role in economic growth and job creation.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>2</p></div><div class='facts-core-content'><h3 class='facts-title'>MSMEs Promote Social Stability</h3><p class='facts-content'>With their flexibility and potential for growth, MSMEs contribute significantly to poverty alleviation and social stability, as they offer income generation opportunities to wide segments of the population.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>3</p></div><div class='facts-core-content'><h3 class='facts-title'>MSMEs Drive Innovation</h3><p class='facts-content'>Due to their size, MSMEs can often adapt faster to market changes, making them important drivers of innovation and technological advancement.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>4</p></div><div class='facts-core-content'><h3 class='facts-title'>MSMEs are Crucial for Achieving Sustainable Development Goals</h3><p class='facts-content'>The United Nations General Assembly recognizes the contribution of MSMEs in achieving the Sustainable Development Goals (SDGs), particularly in promoting innovation, creativity and decent work for all.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>5</p></div><div class='facts-core-content'><h3 class='facts-title'>MSMEs Face Significant Challenges</h3><p class='facts-content'>Despite their importance, MSMEs face disproportionally high barriers compared to larger firms, including lack of access to finance, inadequate legal and regulatory frameworks, and limited business development services, underscoring the need for a dedicated international day of recognition and support.</p></div></div>

Micro Small and Medium Sized Enterprises Day FAQs

When is Micro Small and Medium Sized Enterprises Day?

Micro Small and Medium Sized Enterprises Day is celebrated on June 27 every year. In 2024, it will fall on a Thursday.

Micro Small and Medium Sized Enterprises Day Dates

Year
Date
Day

2023

Jun 27

Tuesday

2024

Jun 27

Thursday

2025

Jun 27

Friday

2026

Jun 27

Saturday

2027

Jun 27

Sunday

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