International MSME Day 2022 – Theme, Significance, Quiz

International MSME literally known by Micro, Small and Medium Enterprises day was celebrated across the world on 27 June. The United Nations Kingdom was adopted a resolution on 6th April 2017. Main theme of the Day is for achieving the Worlds Sustainable Development Goals, promoting innovation and creativity, and creating employment internationally.

The General Assembly declared 27 June Micro-, Small and Medium-sized Enterprises Day, to elevate public recognition in their contribution to sustainable improvement and the worldwide economy. The COVID-19 disaster has taught us that the pandemic and containment measures do now no longer effect every person with inside the equal way. Among the non-public sector, Micro-, Small and Medium-sized Enterprises (MSMEs), in particular the ones led with the aid of using women, youth, ethnic minorities, and migrants, suffered the most.

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International MSME Day- History 

• The United Nations (UN) distinct twenty seventh June as Micro, Small and Medium-sized Enterprises Day via a decision handed with inside the UN General Assembly in April 2017.
• In May 2017, a application titled ‘Enhancing National Capacities for Unleashing Full Potentials of MSMEs in Achieving the SDGs in Developing Countries’ become launched.
• It has been funded via way of means of the 2030 Agenda for Sustainable Development Sub-Fund of the United Nations Peace and Development Fund.
• MSMEs are important to assembly the Sustainable Development Goals. Efforts to enhance get admission to to credit score for SMEs in key regions of country wide economies are a important issue of attaining the SDGs. As MSMEs begin to stand up more potent from the aftereffects of Covid-19, MSME Day recognizes the important function that those adaptable marketers play in reinforcing the nearby and worldwide economies. MSMEs play a important function in selling financial boom and producing jobs for prone populations in all social groups.

International MSME Day- Significance

• The UN dreams international locations to realize sustainable development goals and create cognizance about them.
• An International Trade Centre survey on Covid-19 impact among groups in 136 international locations has validated that nearly 62% of women-led small groups had been strongly tormented by the crisis, in contrast to clearly over half of of of businesses led via men, and women-owned are 27% more likely now not to stay to inform the story the pandemic.
• Formal and informal MSMEs make up over 90% of all businesses and account, on average, for 70% of fashionable employment and 50% of GDP. As such, they are key actors in attaining a green recovery.
• micro-enterprise: Fewer than 10 employees and an annual turnover (the amount of money taken in a particular period) or balance sheet (a statement of a company’s assets and liabilities) below €2 million.
• small enterprise: Fewer than 50 employees and an annual turnover or balance sheet below €10 million.
• medium-sized enterprise: Fewer than 250 employees and annual turnover below €50 million or balance sheet below €43 million.

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International MSME Day- Theme

• MSME Day 2021 theme: Key to an inclusive and sustainable recovery.
• MSME Day 2020 theme: COVID-19: The Great Lockdown and its impact on Small Business.
• MSME Day 2019 theme:  ‘Big Money For Small Business: Financing the SDGs’. And the theme is dedicated towards raising awareness of need for greater investment.
• MSME Day 2018 theme: The Youth Dimension. MSMEs are major job providers and catalysts for growth. MSME are a critical force in realizing the Sustainable Development Goals (SDGs). MSME is promoting innovation, creativity and decent work for all.
• MSME Day 2017 theme: ‘Small Business, Big Impact. ‘ MSMEs make up over 90% of the world’s economy.

MSME Day 2021 Theme

The subject of the Micro-, Small and Medium-sized Enterprises Day subject of 2021 is “MSME 2021: the important thing to an inclusive and sustainable recovery.” That is why the UN might be web website hosting a sequence of activities to discover how MSMEs — the spine of our economies may be prepared to make certain an equitable and sustainable post-COVID-19 recovery.
An International Trade Centre survey on COVID-19 effect amongst groups in 136 international locations has proven that almost 62% of women-led small groups were strongly suffering from the crisis, as compared to simply over 1/2 of of corporations led with the aid of using men, and women-owned are 27% much more likely now no longer to live to tell the tale the pandemic.

A virtual event titled Key to an inclusive and sustainable recovery, co-organized by the UN Department of Economic and Social Affairs with other departments, is scheduled for this year. The theme is ‘Achieving the SDGs, and an economy that is greener and fairer, requires resilient and flourishing MSMEs everywhere’.

With this theme, the UNDESA will be discussing actions that can be taken to ensure a quick COVID-19 recovery for the MSMEs while also keeping sustainable development goals in mind.

MSME Day 2020 Theme

The international Micro, Small and Medium-sized Enterprises (MSME) Day is being observed on 27 June under the theme “COVID-19: The Great Lockdown and its impact on Small Business.”

The UN General Assembly in its 74th Plenary held on the 6th April, 2017 declared 27th June as Micro, Small and Medium-sized Enterprises Day. Objective of the day is to recognize the importance of MSMEs in achieving sustainable development goals and in promoting innovation, creativity and sustainable work for all.

An International Trade Centre survey on COVID-19 effect amongst groups in 136 international locations has proven that almost 62% of women-led small groups were strongly suffering from the crisis, as compared to simply over 1/2 of of corporations led with the aid of using men, and women-owned are 27% much more likely now no longer to live to tell the tale the pandemic.

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MSME Day 2019 Theme

Big Money For Small Business: Financing the SDGs. It is dedicated towards raising awareness of need for greater investment into small and mid-sized businesses in developing countries and celebrate gigantic contribution which smaller companies make to global economy.

With the aim of overcoming challenges faced by MSME, the International Trade Center, (a United Nations’ entity) that works in internationalization of micro and SMEs on occasion of MSME Day 2019 launched its flagship report tilted- The SME Competitiveness Outlook 2019: Big money for small businesses.

MSME Day 2018 Theme

MSME Day 2018 is being identified beneath the assignment The Youth Dimension and as such is devoted to young adults and could cowl subjects which include young adults entrepreneurship and young adults employment.

MSME Day highlights the robust contribution of groups worldwide to livelihoods, groups and economies, and the want to aid MSMEs within side the path of their success. It furthermore advocates the significance of MSMEs in young adults employment; beautifies recognition at some point of the talents favored through the approach of young adults to accumulate great jobs and lift recognition around young adults entrepreneurship.

According to the ITC, MSMEs are primary task carriers and catalysts for boom. They stay a vital pressure in figuring out the Sustainable Development Goals (SDGs). MSMEs sell innovation, creativity and respectable paintings for all. The personal area drives jobs boom, accounting for 87% of overall employment in 2016. Four in 5 new formal jobs created in rising markets are amongst MSMEs.

Globally, over sixty six million children are unemployed and one hundred forty five million younger people stay in poverty. Youth unemployment is as a minimum 3 instances better than that of adults. A mismatch in competencies and Labour marketplace necessities way that many younger humans face problems in securing a task.

The key message at the back of this year’s subject matter for MSME Day is that younger marketers are greater energetic in high-boom sectors, are much more likely to lease different younger personnel and pay better wages than ‘older’ firms. Youth-led organizations can cause children-led task introduction and it’s been validated that younger humans display better tiers of entrepreneurial initiative than adults do.

MSME Day 2017 Theme

The International Trade Centre (ITC) has celebrated the first-ever International MSME Day on June 27, 2017 with theme ‘Small business – big impact’. The purpose of the day is to raise public awareness about the importance of MSMEs to economic growth and international development. The Micro, Small and Medium Enterprises (MSME) Day highlights the strong contribution of MSMEs worldwide to livelihoods, communities and economies and the need to support MSMEs towards their success. The ITC is the joint agency of the UN and the WTO supporting SMEs in developing countries and transition economies for sustainable and inclusive trade.

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International MSME Day- Indian Role

• They are the increase accelerators of the Indian financial system, contributing approximately 30% of the country’s gross home product (GDP).
• In phrases of exports, they’re an quintessential a part of the deliver chain and make contributions approximately 48% of the general exports.
• MSMEs additionally play an crucial function in employment generation, as they rent approximately one hundred ten million humans throughout the country.
• Interestingly, MSMEs are intertwined with the agricultural financial system as well, as extra than 1/2 of of the MSMEs function in rural India.

International MSME Day- Quiz

Q.1. Full form of International MSME Day? 

Answer: Micro, Small and Medium-sized Enterprises (MSME) Day.

Q.2. International Micro, Small and Medium-sized Enterprises (MSMEs) Day is celebrated on____________ ?

[A]  July 7

[B] June 17

[C] June 27

[D] May 27

Answer: [C] June 27

Q.3. What is the theme of Micro-, Small and Medium-sized Enterprises Day 2021?

Answer: Theme 2021 is key to an inclusive and sustainable recovery.

Q.4. When did the  UN General Assembly pass a resolution to adopt June 27 as International MSME Day ?

[A] 5th March 2017

[B] 6th April 2017

[C] 10th June 2017

[D] 7th January 2018

Answer: [B] April 2017

Q.5. What is the 2019 theme of Micro-, Small and Medium-sized Enterprises Day?

Answer: ‘Big Money For Small Business: Financing the SDGs’.

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Q.6. What is the theme of Micro-, Small and Medium-sized Enterprises Day 2020?

Answer: COVID-19: The Great Lockdown and its impact on Small Business.

 Q.7. Who proposed the resolution of MSME day on Sustainable development goals.

[A] UN General Assembly

[B] US

[C] India

[D] None of the above

Answer: [A] UN General Assembly 

Q.8. What was the theme of Micro-, Small and Medium-sized Enterprises Day 2017 ?

Answer: Theme 2017 is Small Business, Big Impact.

Q.9. What is the 2018 theme of Micro-, Small and Medium-sized Enterprises Day?

Answer: The Youth Dimension is the theme of 2018.

Q.3. Aim of International MSME Day ?

Answer: Main aim of International MSME day is achieving sustainable development goals and in promoting innovation, creativity and sustainable work for all.

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