27-Jun-2025
International MSME Days
Miscellaneous
Why in News?
Every year on June 27, the world comes together to celebrate Micro, Small, and Medium-sized Enterprises Day (MSME Day). This day is dedicated to acknowledging the vital role that MSMEs play in driving innovation, generating employment, and contributing significantly to the global and national economies.
About MSME
- MSME stands for Micro, Small, and Medium Enterprises.
- These businesses are involved in producing, processing, or preserving goods and commodities.
- MSMEs are classified based on
- Investment in plant and machinery (for manufacturing) or equipment (for services)
- Annual turnover of the enterprise
Updated Classification Criteria for MSMEs
Udyami Bharat – MSME Day
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Preparing Through MCQ
Q. On which date is Micro, Small, and Medium-sized Enterprises (MSME) Day celebrated annually to recognize the contribution of MSMEs to innovation, employment, and economic growth?
(1) June 5
(2) June 21
(3) June 27
(4) July 1
Answer: (3) June 27