NITI Aayog Releases Report to Enhance MSME Competitiveness, Partners with GAME to Empower Local Entrepreneurs.
National
On May 2, 2025, the Government of India's (GoI) policy think tank, National Institution for Transforming India (NITI Aayog), in collaboration with the Gurgaon (Haryana)-based Institute for Competitiveness (IFC), released a comprehensive report titled 'Enhancing MSMEs Competitiveness in India'.
- The report provides a strategic roadmap to unlock the potential of India's Micro, Small, and Medium Enterprises (MSMEs) through systemic reforms in financing, skilling, innovation, and market access.
- Between 2020 and 2024, the proportion of Micro and Small Enterprises (MSEs) accessing credit through scheduled banks increased from 14% to 20%, while medium enterprises saw an increase from 4% to 9%.
- Despite this improvement, only 19% of MSME credit demand was met formally by Financial Year 2020–21 (FY21), leaving an estimated Rs. 80 lakh crore unmet.
Main Point :- (i) On May 2, 2025, the National Institution for Transforming India (NITI Aayog) and the Bengaluru (Karnataka)-based Global Alliance for Mass Entrepreneurship (GAME) announced a strategic collaboration to foster entrepreneurship ecosystems across India.
(ii) The initiative will start with pilot projects in Nagpur (Maharashtra), Visakhapatnam (Andhra Pradesh), and Uttar Pradesh, focusing on place-based interventions to strengthen local entrepreneurship and support the growth of grassroots business ecosystems.
(iii) The projects will focus on place-based interventions aimed at empowering local entrepreneurs through ecosystem development.
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