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Thursday, June 26, 2025

President Droupadi Murmu to lead ‘MSME Day 2025’ celebrations in New Delhi

President of India, Droupadi Murmu, will preside over the ‘MSME Day 2025 – Udyami Bharat’ celebrations on June 27 at Vigyan Bhawan, New Delhi. The event will witness participation from micro, small, and medium enterprises (MSMEs) across the country.
 
The day will serve as a platform to acknowledge the vital role of the MSME sector in driving economic growth and job creation while introducing forward-looking initiatives aimed at building a resilient and future-ready business ecosystem.
 
To mark the silver jubilee of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), the President will release a commemorative postage stamp. Over the past 25 years, CGTMSE has extended more than 1.18 crore credit guarantees amounting to ₹9.80 lakh crore. In the financial year 2024–25 alone, a record ₹3 lakh crore worth of guarantees were approved, underlining its significance in supporting small businesses.
 
President Murmu will also unveil the Ministry of MSME’s new Online Dispute Resolution (ODR) Portal. Designed to address the challenge of delayed payments, the portal will allow Micro and Small Enterprises to resolve disputes efficiently and cost-effectively from their preferred location. The initiative aims to free up blocked capital and boost business competitiveness by ensuring timely access to justice.
 
Another key highlight of the event will be the launch of MSME Hackathon 5.0 and the announcement of results for Hackathon 4.0. The Hackathon is part of the MSME Champions Scheme’s Incubation component, which promotes innovation and the adoption of advanced technologies within the sector. Through registered Host Institutes, the scheme supports innovators with grants of up to ₹15 lakh per selected idea, helping nurture start-ups aligned with the vision of Atmanirbhar Bharat.
 
In addition, the President will release MSME Patrika, an in-house journal offering updates and insights on MSME-related issues and opportunities, intended to foster experience sharing within the sector. A booklet titled Know Your Lender will also be launched to help MSMEs make informed credit decisions and better understand their financial rights.

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