Home India Ministry of Micro, Small and Medium Enterprises Vice President of India Shri C. P. Radhakrishnan Presides Ov...
Date: 2026-06-27 Category: Press Release State: Union Government Country: India

Vice President of India Shri C. P. Radhakrishnan Presides Over ‘MSME Day 2026– Udyami Bharat’

Issued by Ministry of Micro, Small and Medium Enterprises · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** The "MSME Day 2026–Udyami Bharat" event, held on June 27, 2026, in New Delhi, aimed to strengthen India’s MSME ecosystem through technology-driven initiatives. Presided over by the Vice President of India, the event marked the launch of several upgraded digital portals (2.0 versions) and emphasized digital inclusion through AI-enabled multilingual services. A key organizational milestone included the elevation of the National Small Industries Corporation (NSIC) to a Schedule ‘A’ status. **Key Points / Main Content** **Digital Transformation and Portals** * **Launch of 2.0 Portals:** The government introduced upgraded digital platforms including PMEGP 2.0, SAMADHAAN 2.0, MSME Global Mart 2.0, and the MSME Testing Portal to streamline services. * **MSME Idea Hackathon 6.0:** Launched to foster innovation and technology adoption within the sector. * **Multilingual Access:** MSME services are now available in all 22 Scheduled Indian languages, featuring AI-enabled voice grievance redressal and document translation to enhance digital inclusion. **Institutional and Scheme Updates** * **NSIC Upgradation:** The National Small Industries Corporation (NSIC) was officially elevated from a Schedule ‘B’ to a Schedule ‘A’ Central Public Sector Enterprise (CPSE). * **PM Vishwakarma Scheme:** A Coffee Table Book was released to commemorate three years of the scheme, highlighting its impact on artisans. * **Self-Reliant India (SRI) Fund:** An eBook was released detailing the fund’s contributions to innovation, employment, and women entrepreneurship. **Product Innovation and Heritage** * **KVIC Eco-Friendly Products:** New products launched by the Khadi and Village Industries Commission (KVIC) include Tukun (infant wear), Rangtaal (table runners), Bela (infant wrap sheets), Vanya (Eri stoles), and Umang (wool stoles). * **Heritage Recognition:** The event showcased GI-tagged Ponduru Khadi from Andhra Pradesh, highlighting traditional craftsmanship. **Strategic Focus Areas** * The Ministry emphasized five pillars for future growth: formalization, digital empowerment, easier access to finance, stronger market linkages, and innovation-led growth. **Impact Analysis** **National Small Industries Corporation (NSIC)** **Impact** Elevated to Schedule ‘A’ CPSE status, reflecting its increased importance and expanded role in the MSME ecosystem. **Action Required** Scale operations to meet the requirements of a Schedule ‘A’ enterprise and lead the implementation of newly launched digital initiatives. **MSME Entrepreneurs** **Impact** Gain access to more robust digital tools for marketing (Global Mart 2.0), testing, and grievance redressal (SAMADHAAN 2.0) in their native languages. **Action Required** Register on the new 2.0 portals and utilize the AI-enabled multilingual services for business operations and issue resolution. **Khadi and Village Industries Commission (KVIC)** **Impact** Expansion of their product portfolio into infant wear and modern home textiles (Rangtaal). **Action Required** Promote the newly launched eco-friendly product lines and continue showcasing traditional GI-tagged textiles. **Women Entrepreneurs and Artisans** **Impact** Beneficiaries of targeted discussions on growth capital and recognized through success stories in the PM Vishwakarma and SRI Fund publications. **Action Required** Participate in the MSME Idea Hackathon 6.0 and explore financing options through the SRI Fund to scale their enterprises.

Key Entities Referenced

Ministry of Micro, Small & Medium Enterprises (Ministry of MSME): The primary government body responsible for formulating and implementing policies, digital platforms, and initiatives to strengthen the Indian MSME ecosystem. National Small Industries Corporation (NSIC): A government agency elevated to a Schedule ‘A’ Central Public Sector Enterprise (CPSE) to enhance its role in supporting and promoting small industries. Prime Minister Employment Generation Programme (PMEGP) 2.0 Portal: An upgraded digital platform launched to facilitate the implementation of the credit-linked subsidy scheme aimed at generating employment through micro-enterprises. PM Vishwakarma Scheme: A central government scheme focused on providing holistic support, skill training, and financial assistance to traditional artisans and craftspeople. Self-Reliant India (SRI) Fund: An investment fund established to provide equity infusion to MSMEs, supporting their growth, innovation, and expansion into larger enterprises.
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Ministry of Micro,Small & Medium Enterprises Vice President of India Shri C. P. Radhakrishnan Presides Over ‘MSME Day 2026– Udyami Bharat’ Ministry of MSME launches a series of Digital Platforms to Strengthen India’s MSME Ecosystem; NSIC Elevated to Schedule 'A' CPSE Digital Inclusion expanded with Multilingual, Al-Enabled Services Across All 22 Scheduled Indian Languages MSME Day 2026 Showcased Government's Vision for a Resilient, Technology-Driven and Future-Ready MSME Ecosystem प्रव तथ: 27 JUN 2026 2:39PM by PIB Delhi The Vice President of India, Shri C. P. Radhakrishnan, presided over the ‘MSME Day 2026–Udyami Bharat’ event at Dr. Ambedkar International Centre, New Delhi, today. The event was graced by Shri Jitan Ram Manjhi, Minister of Micro, Small and Medium Enterprises; Sushri Shobha Karandlaje, Minister of State for Micro, Small and Medium Enterprises; Shri Manoj Goel, Chairman, Khadi and Village Industries Commission (KVIC); and senior officials of the Ministry and its organizations. Policymakers, industry leaders, women entrepreneurs, financial institutions, academia and other key stakeholders from the MSME ecosystem also participated in the event.The event underscored the Government’s commitment to building a more resilient, technology-driven, competitive and future-ready MSME ecosystem. During the programme, the Vice President felicitated the National Small Industries Corporation (NSIC) on its upgradation from a Schedule ‘B’ to a Schedule ‘A’ Central Public Sector Enterprise (CPSE). On the occasion, Shri Guntuku Kameswara Prasad and Shri Pammina Satyanarayana, presented an exquisite sample of GI-tagged Ponduru Khadi to the Vice President, Shri C. P. Radhakrishnan, showcasing the rich heritage and exceptional craftsmanship of this traditional textile from Srikakulam district of Andhra Pradesh. A portrait of Vice President was also presented by COIR Board.The Vice President launched a series of transformative digital platforms, portals and publications aimed at empowering MSMEs across India. These included the PMEGP 2.0 Portal, SAMADHAAN 2.0 Portal, PMS Portal, MSME Global Mart 2.0 Portal, MSME Testing Portal, and MSME Idea Hackathon 6.0. On the occasion, the Vice President released a Coffee Table Book on the PM Vishwakarma Scheme, commemorating three years of the scheme and showcasing its transformative impact through inspiring success stories of artisans. A Book on the Self-Reliant India (SRI) Fund was also released, highlighting the Fund’s contribution to enterprise growth, employment generation, innovation and women entrepreneurship.The Ministry launched Multilingual Access on MSME Portals, enabling a multilingual and voice-enabled ecosystem across MSME websites and portals. The initiative provides access to MSME services in all 22 Scheduled Indian languages and includes AI-enabled voice grievance redressal and document translation facilities, thereby enhancing accessibility and digital inclusion. The Vice President said, “I convey my best wishes to the entrepreneurs and all the stakeholders shaping the MSME sector. I started my career in the MSME sector.” He highlighted that he began his professional journey with the Coir Board and was once an entrepreneur himself.He said, “If you are determined, nothing can stop you. You will definitely achieve your goals. Every economy in the world has grown through the contributions of the MSME sector. I congratulate Ministry of MSME, NSIC, KVIC and all the stakeholders contributing in the MSME sector, on the occasion of MSME Day.”The Vice President also launched a range of innovative and eco-friendly products developed by the Khadi and Village Industries Commission (KVIC). The products launched included Tukun (Infant Wear), Rangtaal (Table Runners and Mats), Bela (Infant Wrap Sheets), Vanya (Eri Stoles) and Umang (Wool Stoles).Shri Jitan Ram Manjhi, Union Minister for MSME, said, “The Government of India remains committed to building an ecosystem where every entrepreneur has an equal opportunity to innovate, grow, and contribute to nation-building.” “Our focus remains on formalisation, digital empowerment, easier access to finance, stronger market linkages, technology adoption, and innovation-led growth,” he added. Shri Manjhi, also congratulated and conveyed best wishes on the MSME Day. Sushri Shobha Karandlaje, Minister of State for MSME, said, “MSME sector is considered as the engine of growth of the Indian economy, and entrepreneurs are the drivers of this growth.”“The Ministry of MSME is providing digital support, skill development, technology, and marketing linkages”, she added. “You, the entrepreneurs, are partners in India’s development. MSME sector is much more than enterprises; they are dreams taking shape, ideas turning into enterprises, and hard work transforming lives,” she said.Shri Bharat Khera, Secretary, Ministry of MSME, presented an overview of the MSME sector, highlighting its role in India’s economic growth and outlining the key initiatives and schemes being implemented by the Ministry of MSME. He complimented all the stakeholders for contribution in MSME sector.The MSME Day celebrations concluded with two technical panel discussions on “Ushering a New Era of Women Entrepreneurship” and "The Role of Growth Capital in Building Scalable MSMEs.” *** Sunil Kumar Tiwari E-mail - hipessi[at]gmail[dot]com (रलीज़ आईडी: 2278392) आगंतुक पटल : 827 इस वज्ञ को इन भाषाओ ंम पढ़: Urdu , ही , Tamil

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