NITI Aayog releases report on enhancing competitiveness of MSMEs
NITI Aayog released the report 'Enhancing MSMEs Competitiveness in India', prepared with the Institute for Competitiveness, on 2 May 2025.
Summary
NITI Aayog released the report 'Enhancing MSMEs Competitiveness in India', prepared with the Institute for Competitiveness, on 2 May 2025. It focuses on four sectors: textiles and apparel, chemical products, automotive and food processing. It found that between 2020 and 2024 the share of micro and small enterprises accessing credit through scheduled banks rose from 14% to 20%, and of medium enterprises from 4% to 9%, but a large credit gap remains, with only 19% of MSME credit demand met formally. It recommends stronger state-level design and implementation of MSME policies.
Key facts
- Date
- 2 May 2025
- Prepared with
- Institute for Competitiveness
- Sectors
- Textiles and apparel, chemicals, automotive, food processing
- Micro and small credit share
- 14% to 20% (2020–2024)
- Medium enterprises
- 4% to 9%
- Formal credit demand met
- Only 19%
Practice MCQs 2 questions
NITI Aayog prepared its May 2025 report on MSME competitiveness in collaboration with which organisation?
Show answer
Correct answer: C — Institute for Competitiveness
The report was prepared by NITI Aayog in collaboration with the Institute for Competitiveness (IFC).
As per the NITI Aayog MSME report (May 2025), the share of micro and small enterprises accessing credit through scheduled banks rose from 14% in 2020 to what in 2024?
Show answer
Correct answer: B — 20%
It rose from 14% to 20%; for medium enterprises it rose from 4% to 9%.