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NITI Aayog Releases Report to Enhance MSME Competitiveness, Partners with GAME to Empower Local Entrepreneurs.

National | Dated: 06 May 2025

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'.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Who recently partnered with GAME to promote local entrepreneurship ecosystems in India?

Correct Answer: NITI Aayog

🚀 Quick Recap: