President of India Droupadi Murmu on Friday graced and addressed the MSME Day celebration held in New Delhi, underscoring the critical role played by Micro, Small and Medium Enterprises (MSMEs) in shaping the nation’s economic future.
Addressing the gathering, the President described the MSME sector as a vital pillar of the Indian economy. She said that MSMEs significantly contribute to the GDP and are instrumental in promoting innovation at the grassroots level. Highlighting the sector’s role in inclusive development, she remarked that MSMEs generate employment at a relatively low capital cost and, more importantly, create job opportunities in rural and backward regions. According to the President, this decentralised model of growth empowers weaker sections of society and strengthens the foundation for sustainable economic development.
While recognising the sector’s contribution, President Murmu also pointed out the persistent challenges faced by MSMEs. These include limited access to finance, stiff competition from large corporations, outdated technology, shortage of raw materials and skilled labour, restricted market reach, and delays in payment. Acknowledging these hurdles, she emphasised the need for continued support and reform to enable the sector to achieve its full potential.
The President appreciated the various initiatives undertaken by the Government of India to strengthen the MSME ecosystem. She referred to the revised classification criteria for MSMEs, measures to enhance credit availability, and the policy mandating central ministries, departments, and public sector enterprises to procure at least 35 percent of their annual requirements from micro and small enterprises. She also highlighted schemes like PM Vishwakarma Yojana for skill development of traditional artisans. Expressing satisfaction, she said, “It is encouraging to note that these initiatives have led to a rapid increase in the number of registered MSMEs in the country.”
She further expressed confidence that the recently launched Online Dispute Resolution Portal for MSMEs will play a crucial role in resolving issues related to delayed payments, a common concern in the sector.
Underscoring the need for innovation, the President said it was key to the long-term sustainability of MSMEs. “Grassroots innovations can provide affordable and locally relevant solutions to everyday problems using local resources,” she added.
President Murmu also welcomed the increasing participation of women in the MSME sector. She said that the involvement of more women in entrepreneurship is essential for the holistic development of the country. Urging young women to take up enterprise and become self-reliant, she added, “This is the time for young women to lead from the front.”
Drawing attention to the environmental aspect of MSME operations, the President pointed out that the sector is responsible for a considerable share of energy consumption and emissions. Stressing the importance of green technologies, she said, “Promoting eco-friendly practices within MSMEs is not just good for business—it is vital for the planet. This will not only improve the competitiveness and sustainability of MSMEs but will also help India move closer to its climate targets.”