27 June: Micro-, Small and Medium-sized Enterprises Day

• 27 Jun 2022

The United Nations General Assembly designated 27 June as “Micro-, Small, and Medium-sized Enterprises Day” to raise awareness of the tremendous contributions of micro-, small and medium-sized enterprises (MSMEs) to the achievement of the United Nations Sustainable Development Goals (SDGs).

• The theme for this year’s observation is “Resilience and Rebuilding: MSMEs for Sustainable Development”.

Importance of MSMEs

• MSMEs account for 90% of businesses, 60 to 70% of employment and 50% of GDP worldwide.
• As the backbone of societies everywhere they contribute to local and national economies and to sustaining livelihoods, in particular among the working poor, women, youth, and groups in vulnerable situations.