NITI Aayog, along with the Institute for Competitiveness (IFC), released a report titled ‘Enhancing Micro, Small and Medium Enterprises (MSMEs) Competitiveness in India’. The report highlights reforms needed in credit access, skill development, innovation, and market linkages to boost MSMEs. Using firm-level data and Periodic Labour Force Survey (PLFS), it suggests ways to integrate MSMEs into global value chains. Focus sectors include textiles, chemicals, automotive, and food processing. Credit access improved between 2020 and 2024, yet only 19% demand was met formally by 2021, with ₹80 lakh crore unmet. The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) expanded but still needs redesign for wider impact.
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