The Small Industry Day is an annual celebration observed on 30th August. This day is dedicated to promoting small businesses nationwide and offering job opportunities to unemployed males and females for the betterment of their life. Small Industry Day 2024 is celebrated to boost the overall growth potential of small industries. Ministry of Small-Scale Industries(SSI) launched a comprehensive policy package for SSI Sector on August 30, 2000. This policy provides significant support to small firms in India. Ministry agreed to designate August 30 as “Small Industry Day”. Ministry held an SSI Convention for SSI Entrepreneurs in New Delhi and a presentation of the National Awards function on August 30, 2001. This program was divided into three parts viz., Inauguration, Distribution of National Awards, and Open House Discussion. The small-scale sector plays a key role in the economic growth of developing nations like India.

 List of Important Days in August 2024

Small Industry Day 2024 History

• The government of India had reportedly introduced an extensive policy package for the small-scale industry on August 30, 2000, to support small businesses in the country.
• Small Scale Industry (SSI) registration is used interchangeably with micro, small, and medium enterprise(MSME) registration while the MSME Development Act 2006 provides for facilitating the promotion.
• Small Industry Day is celebrated since 2017 following a resolution passed in the Assembly during the year.
• According to a UN blog, formal and informal MSMEs make up over 90 percent of all firms and account, on average for 70 percent of total employment and 50 percent of GDP worldwide.
• The importance of the small-scale business sector is huge in the overall growth of a Nation.

Download the List of Important Days in August 2024 with Themes PDF

Small Industry Day Theme 2024

Every year Small Industry Day is observed on August 30 and a specific theme is allotted. The theme of Small Industry Day 2024 is "Leveraging Power and Resilience of Micro-, Small and Medium-sized Enterprises (MSMEs) to Accelerate Sustainable Development and Eradicate Poverty in Times of Multiple Crises".

Small Industry Day 2024 Significance

• The central government has made several efforts to establish small-scale enterprises across India in order to help people in finding work.
• Small Industry Day is marked to emphasize the importance of opportunities for individuals in rural and urban regions.
• Small businesses are labor-intensive and units of capital engaged in them retain a higher proportion of employment.
• Small Industry Day 2024 is observed with the objective of encouraging small businesses and offering job opportunities to the jobless.
• The SSI Day was designated to commemorate the effort taken to provide balanced support to existing small, medium, and large-scale enterprises, set up new industries, and uplift the country’s financial health. 

Small Industry Day quotes 

Here we are providing the famous Small Industry Day 2024 quotes by famous personalities.

“Bringing great people onto your team is about demonstrating that size really doesn’t matter - people do.”

“A small business is an amazing way to serve and leave an impact on the world you live in.”

Small Industry Day 2024 FAQs

Q: When is Small Industry Day 2024 is observed?

A:  Small Industry Day 2024 is observed on 30 August every year.

Q: Why Small Industry Day is celebrated?

A:  Small Industry Day is celebrated for promoting a small business nationwide and offering job opportunities to unemployed males and females for the betterment of their life.