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NITI Aayog Unveils Six-Point Plan to Strengthen India’s Medium Enterprises

Stakeholders are reviewing tailored finance measures alongside technology upgrades with dedicated R&D initiatives designed to scale firms under the Viksit Bharat @2047 vision

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Photo: IANS

Overview

  • Medium enterprises make up just 0.3% of registered MSMEs yet contribute nearly 40% of sector exports and play a key role in GDP, exports and employment.
  • The report proposes a working capital financing scheme linked to enterprise turnover and a ₹5 crore credit card facility at market rates to plug funding gaps.
  • It calls for a dedicated R&D cell within the MSME Ministry that leverages the Self-Reliant India Fund for cluster-based projects and expands sectoral testing infrastructure.
  • Existing Technology Centres would be upgraded into regionally customised India SME 4.0 Competence Centres and integrated with a centralised Udyam sub-portal offering scheme discovery and compliance support.
  • The roadmap recommends adopting global best practices from Turkiye, Canada, Singapore and Australia to address skill gaps and boost innovation adoption.