India commemorates National Small Industry Day on August 30 as a tribute to the invaluable role played by small-scale industries in the country’s progress. The day serves as a platform to encourage and bolster growth in enterprises within the MSME sector, foster the establishment of new businesses and create job opportunities. Notably, on August 30, 2000, the government had reportedly unveiled an extensive policy package aimed at bolstering the small-scale industry, a pivotal moment that led to the annual observance of National Small Industry Day. The MSME Development Act of 2006 was designed to facilitate the advancement, expansion, and competitive edge of MSMEs or SSIs. On May 9, 2007, the former Ministry of Small-Scale Industries and the Ministry of Agro and Rural Industries were amalgamated to establish the Ministry of Micro, Small, and Medium Enterprises (MSME).