SF Prep Notes

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

Q1 Advanced

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).

Q2 Advanced

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%.

← All current affairs