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NITI Aayog Releases Report on Enhancing MSME Competitiveness
- 05 May 2025
On 1st May, 2025, NITI Aayog, in collaboration with the Institute for Competitiveness (IFC), released a comprehensive report titled “Enhancing Competitiveness of MSMEs in India”, outlining strategies to strengthen the role of Micro, Small, and Medium Enterprises (MSMEs) in India's economic growth.
Key Points
- Sector-Specific Analysis: The report covers textiles, chemicals, automotive, and food processing industries, identifying structural bottlenecks and policy gaps.
- Access to Credit: There has been an improvement in MSME access to formal credit, rising from 14% to 20% for micro and small enterprises, but a credit shortfall persists with only 19% of MSME credit demand being met.
- Skill and Technology Gaps: The report highlights skill shortages, lack of formal training, and inadequate technology adoption as key challenges affecting productivity and competitiveness.
- Policy Recommendations: NITI Aayog advocates for a restructured Credit Guarantee Fund Trust, improved awareness of government schemes, and an adaptive cluster-based policy framework.
- Cluster Development: Outdated technologies and weak branding are key constraints; the report stresses the importance of improving market linkages and state-level policy implementation.
State In News
State In News
State In News
- Andhra Pradesh
- Arunachal Pradesh
- Assam
- Bihar
- Chhattisgarh
- Delhi
- Goa
- Gujarat
- Haryana
- Himachal Pradesh
- Jammu And Kashmir
- Jharkhand
- Karnataka
- Kerala
- Ladakh
- Madhya Pradesh
- Maharashtra
- Manipur
- Meghalaya
- Mizoram
- Nagaland
- Odisha
- Punjab
- Rajasthan
- Tamil Nadu
- Telangana
- Tripura
- Uttar Pradesh
- Uttarakhand
- West Bengal