The day aims to recognise the contribution of small industries to India’s economic and industrial development.
It was formally recognised in 2000 after the Government introduced a comprehensive policy package for small-scale industries.
From April 1, 2025, a small enterprise can have investment up to ₹25 crore and annual turnover up to ₹100 crore.
MSMEs (Micro, Small and Medium Enterprises) contribute 31.1% of India’s GDP, 35.4% of manufacturing output and 48.58% of exports.
Government support includes TReDS (Trade Receivables Discounting System), Udyam Registration, credit guarantees, public procurement support and the CHAMPIONS portal.