**Executive Summary**
On June 27, 2026, Vice-President Shri C. P. Radhakrishnan celebrated International MSME Day by launching several digital initiatives, including the PMEGP 2.0 and Samadhaan 2.0 portals, to modernize the sector. The event emphasized the critical role of MSMEs in achieving "Viksit Bharat @2047," focusing on quality, innovation, and the constructive adoption of AI. Key deadlines include the immediate commencement of the MSME Idea Hackathon 6.0 and the push for universal registration of all micro and small enterprises.
**Key Points / Main Content**
* **Strategic Growth and Scaling**
* MSMEs are identified as the backbone of India's economic journey, embodying the resilience of first-generation, women, and youth entrepreneurs.
* Enterprises are encouraged to transition from micro to small and small to medium levels through increased investment and policy support.
* The Vice-President emphasized that cost reduction must not come at the expense of quality to remain competitive in global markets.
* **Technological Integration and AI**
* Technological changes, specifically Artificial Intelligence, should be embraced as opportunities for growth rather than job threats.
* Constructive adoption of technology is expected to generate new employment avenues, similar to the historical introduction of computers.
* A new multilingual enablement initiative was launched to improve the accessibility of Ministry resources.
* **Digital Infrastructure and Resource Launches**
* Launch of secondary-generation portals: PMEGP 2.0, Samadhaan 2.0, Procurement and Marketing Support (PMS) 2.0, and MSME Global Mart 2.0.
* Introduction of the Testing Centre Portal and the MSME Idea Hackathon 6.0 to foster innovation.
* Release of informative e-books regarding the Self-Reliant India (SRI) Fund and the PM Vishwakarma (PMV) Scheme.
* **Institutional Recognition and Sector Reform**
* The National Small Industries Corporation (NSIC) has been officially elevated to a Schedule 'A' Company.
* The Ministry of MSME is urged to implement universal registration to improve data quality and enable evidence-based policy formulation.
* The Khadi and Village Industries Commission (KVIC) was recognized for its transformation in honey production and khadi garments.
**Impact Analysis**
**MSME Entrepreneurs**
**Impact:** They gain access to streamlined digital services for financing (PMEGP 2.0), dispute resolution (Samadhaan 2.0), and international marketing (Global Mart 2.0).
**Action Required:** Entrepreneurs should register on the new portals and utilize the released e-books to understand funding opportunities under the SRI and PM Vishwakarma schemes.
**Ministry of MSME**
**Impact:** The Ministry is tasked with a higher standard of data collection and sector formalization.
**Action Required:** The Ministry must drive universal registration of MSMEs and manage the newly launched digital infrastructure and hackathon.
**Youth and Aspiring Entrepreneurs**
**Impact:** Increased support for innovation and a clear roadmap for scaling "cottage industries" into larger enterprises.
**Action Required:** Youth are encouraged to participate in the MSME Idea Hackathon 6.0 and embrace continuous learning and AI adoption.
**National Small Industries Corporation (NSIC)**
**Impact:** Elevation to Schedule 'A' status enhances the organization's standing and operational capacity.
**Action Required:** The NSIC must align its operations with the requirements and responsibilities of its new Schedule 'A' classification.
Key Entities Referenced
Ministry of MSME: The primary central ministry responsible for the formulation and administration of rules, regulations, and laws relating to micro, small, and medium enterprises in India.
PMEGP 2.0 Portal: An upgraded digital platform for the Prime Minister’s Employment Generation Programme, a major credit-linked subsidy scheme for setting up micro-enterprises.
PM Vishwakarma (PMV) Scheme: A central sector scheme launched to provide end-to-end support to artisans and craftspeople who work with their hands and tools.
National Small Industries Corporation (NSIC): A Government of India enterprise under the Ministry of MSME, recently elevated to a Schedule 'A' company to enhance its operational scale in supporting small businesses.
Samadhaan 2.0 Portal: An enhanced digital initiative designed to facilitate the monitoring and resolution of delayed payments faced by MSMEs.
Vice President's Secretariat
Vice-President Participates in International
MSME Day 2026 Celebrations; Launches Major
Digital Initiatives for MSMEs
Quality, innovation and technology adoption are essential for
the long-term success of MSMEs: Vice-President
Vice-President Appreciates Government’s Efforts in
Formalising MSMEs, Expanding Bank Credit and Promoting
Technology Adoption
Technology and AI should be embraced as opportunities, not
feared as threats, says Shri C. P. Radhakrishnan
Vice-President Recalls His Entrepreneurial Journey,
Encourages Youth to Embrace Hard Work and Learning
प्रव तथ: 27 JUN 2026 2:32PM by PIB Delhi
The Vice-President of India, Shri C. P. Radhakrishnan, today attended the International MSME Day 2026
celebrations at Dr. Ambedkar International Centre, New Delhi. Addressing the gathering, he said that
Micro, Small and Medium Enterprises (MSMEs) are much more than an economic category and embody
the courage of first-generation entrepreneurs, the aspirations of youth, the determination of women
entrepreneurs and the resilience of millions of small businesses that have transformed challenges into
opportunities. He added that India's journey towards Viksit Bharat @2047 will be powered by a vibrant
and dynamic MSME sector.
Vice President Shri C. P. Radhakrishnan graced the International MSME Day 2026
celebrations at Dr. Ambedkar International Centre, New Delhi today.
Addressing the gathering, the Vice President said that Micro, Small and Medium
Enterprises are the backbone of India’s journey… pic.twitter.com/FkNEo8wDWz
— Vice-President of India (@VPIndia) June 27, 2026
Sharing his own entrepreneurial journey, the Vice-President said that after completing his graduation, he
started a small garment business with financial support from his father. Recalling the challenges during the
initial years, he said perseverance, continuous learning and hard work enabled him to build a leadingknitwear export businesses before entering public life. He urged young entrepreneurs never to be
discouraged by initial constraints and to dedicate themselves wholeheartedly to learning their trade.
Recalling his tenure as Chairman of the Coir Board, Shri C. P. Radhakrishnan said he had little prior
knowledge of the sector but immersed himself in understanding every aspect of the industry. He said that
by working closely with exporters and setting ambitious targets, the sector achieved remarkable growth.
"If you decide to achieve something, work hard and learn everything about your field, success will
certainly follow," he said.
Emphasising the importance of quality, the Vice President said there can be no compromise on quality
standards. He noted that cost reduction should never come at the expense of quality. "The real success lies
in reducing costs while maintaining superior quality and better services than competitors," he said, adding
that quality remains the key to sustaining businesses in increasingly competitive global markets.
Calling for greater dynamism within the sector, the Vice-President said every micro enterprise should
aspire to become a small enterprise, and every small enterprise should grow into a medium enterprise. He
observed that entrepreneurs who begin as cottage industries should not remain at the same level
throughout their working lives. He also underlined the importance of adequate investment, policy support
and easier access to finance to facilitate this transition.
The Vice-President urged the Ministry of MSME to encourage universal registration of MSMEs, stating
that better registration would improve data quality and enable more effective policy formulation based on
the actual needs of the sector.
Referring to this year's United Nations theme, "Human-Centered Entrepreneurship in an AI-Driven
Future," Shri C. P. Radhakrishnan said technological change should be viewed as an opportunity rather
than a threat. Recalling the apprehensions that accompanied the introduction of computers, he noted that
technology ultimately generated new employment opportunities. He expressed confidence that Artificial
Intelligence would similarly create new avenues for growth, provided it is adopted constructively.
Appreciating the contribution of the Khadi and Village Industries Commission (KVIC), Shri C. P.
Radhakrishnan said the organisation has brought about a remarkable transformation in sectors such as
honey production and khadi garments. He observed that while khadi draws inspiration from Gandhian
ideals, it must also continuously adapt to changing consumer preferences and technological advancements
to remain globally competitive.
On the occasion, the Vice-President felicitated the National Small Industries Corporation (NSIC) on its
elevation to Schedule 'A' Company. He also launched the PMEGP 2.0 Portal, Samadhaan 2.0 Portal,
Procurement and Marketing Support (PMS) 2.0 Portal, MSME Global Mart 2.0 Portal, Testing Centre
Portal and the multilingual enablement initiative of the Ministry of MSME. The MSME Idea Hackathon
6.0 was also launched. The Vice-President released e-books on the Self-Reliant India (SRI) Fund and PM
Vishwakarma (PMV) Scheme and launched new products of the Khadi and Village Industries Commission
(KVIC).Vice President Shri C. P. Radhakrishnan launched the PMEGP 2.0 Portal,
Samadhaan 2.0 Portal, Procurement and Marketing Support (PMS) 2.0 Portal,
MSME Global Mart 2.0 Portal, Testing Centre Portal and the multilingual
enablement initiative of the Ministry of MSME at the… pic.twitter.com/FAFMDvHn
qa
— Vice-President of India (@VPIndia) June 27, 2026
Union Minister for MSME Shri Jitan Ram Manjhi, Minister of State for MSME Sushri Shobha
Karandlaje, Chairman, KVIC Shri Manoj Kumar, Secretary, Ministry of MSME Shri Bharat Khera, senior
officials of the Ministry, industry leaders and entrepreneurs were present on the occasion.
****
PR/ASM/VMJ
(रलीज़ आईडी: 2278390) आगंतुक पटल : 1152
इस वज्ञ को इन भाषाओ ंम पढ़: Urdu , Marathi , ही , Bengali , Gujarati , Odia , Tamil , Telugu , Malayalam