CURRENT AFFAIRS

Detailed explanation-1: -The United Nations General Assembly designated 27 June as “Micro-, Small, and Medium-sized Enterprises Day” (A/RES/71/279) 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).

Detailed explanation-2: -This year, the MSME Day is being observed under the theme of “Resilience and Rebuilding: MSMEs for Sustainable Development".

Detailed explanation-3: -New Guidelines of PMS scheme were notified/issued on 26.07. 2022 introducing various new components like “Adoption of e-Commerce platform and Bar Code by Micro Enterprises”, National Workshops/seminars etc to enhance the marketability of products and services in the MSME sector.

Detailed explanation-4: -According to the World Bank, Micro, Small and Medium Enterprises (MSMEs) are defined as follows – micro enterprises: 1–9 employees; small: 10–49 employees; and medium: 50–249 employees.