**Summary:**
On June 27, 2025, the President of India addressed the MSME Day celebration in New Delhi, emphasizing the critical role of Micro, Small, and Medium Enterprises (MSMEs) in India's sustainable economic development. The President highlighted the sector's significant contribution to GDP, grassroots innovation, and employment generation, particularly in rural and underdeveloped areas, thereby fostering inclusive growth.
The President acknowledged the challenges faced by MSMEs, including access to finance, competition from larger corporations, technological limitations, raw material scarcity, a shortage of skilled labor, limited market access, and delayed payments.
The Government of India has implemented several policy initiatives to address these challenges, such as revised classification criteria for MSMEs, increased credit availability, procurement mandates for central entities (at least 35% from micro and small enterprises), and skill development programs like the PM Vishwakarma Yojana. The President expressed satisfaction with the increase in registered MSMEs resulting from these efforts and the potential of the Online Dispute Resolution Portal to address delayed payments.
Innovation and sustainability within the MSME sector were also key points. The President stressed the importance of grassroots innovation for local solutions and encouraged the adoption of green technologies to enhance competitiveness and contribute to India's climate goals. Furthermore, the increasing participation of women in the MSME sector was recognized as vital for the country's overall development, with a call for young women to establish enterprises and achieve self-reliance.
Key Entities Referenced
Droupadi Murmu: The President of India who addressed the MSME Day celebration.
MSME Day: A celebration focused on Micro, Small and Medium Enterprises.
New Delhi: The city in India where the MSME Day celebration was held.
Micro, Small and Medium Enterprises (MSMEs): Enterprises that are a strong pillar of the country's economy, contributing significantly to GDP and promoting innovation.
Government of India: The governing body that has taken several policy initiatives to support MSMEs.
PM Vishwakarma Yojana: A scheme for skill development of artisans.
Online Dispute Resolution Portal for MSMEs: A portal aimed at resolving delayed payment issues for MSMEs.
President's Secretariat: Office of the President of India
President's Secretariat
President of India graces MSME Day celebration
A robust MSME ecosystem is not only important but
also essential for the country's sustainable economic
development: President Murmu
Posted On: 27 JUN 2025 2:31PM by PIB Delhi
The President of India, Smt Droupadi Murmu graced and addressed the MSME Day celebration in New Delhi
today (June 27, 2025).
Speaking on the occasion, the President said that Micro, Small and Medium Enterprises (MSMEs) are a
strong pillar of the country's economy. They contribute significantly to GDP and promote innovation at the
grassroots level. A robust MSME ecosystem is not only important but also essential for the country's
sustainable economic development. These enterprises generate more employment opportunities at a relatively
low cost of capital. Most importantly, these enterprises generate employment in rural and backward areas. In
this way, the MSME sector contributes to inclusive growth by empowering weaker sections and
decentralizing development.
The President said that there is no doubt that the MSME sector is playing an important role in the progress of
the country. However, this sector also faces many challenges, the major ones among them being the problem
of finance, competition from big corporations, lack of latest technology, lack of raw material and skilled
workforce, limited market and delayed payment.
The President said that, realizing the importance of MSMEs and their problems, the Government of India has
taken several policy initiatives. These include revision of classification criteria for MSMEs, increase in credit
availability, encouragement of central ministries, departments and central public sector enterprises to procure
at least 35 percent of their annual procurement requirements from micro and small enterprises, skill
development of artisans under the PM Vishwakarma Yojana, etc. She was happy to note that these efforts
have led to a very rapid increase in the number of registered MSMEs. She expressed confidence that the
Online Dispute Resolution Portal for MSMEs will prove to be important in cases of delayed payments.
The President said that innovation is very important for the sustainability of MSMEs. Promotion of grassroots
innovation by MSMEs can provide affordable solutions to local issues from local resources.
The President was happy to note the increase in participation of women in the MSME sector in recent years.
She said that the participation of more and more women in this sector is essential for the all-around
development of the country. She urged the young women to set up enterprises and become self-reliant.
The President said that MSMEs are contributing significantly to India’s economic growth, but they are also
responsible for a large share of energy consumption and emissions. Promoting green technology in the MSME
sector is the need of the hour. This will not only increase the sustainability and competitiveness of MSMEs
but will also help the country achieve its climate goals.Click here to see the President's speech
***
MJPS/SR
(Release ID: 2140133)