1. Credit Expansion and Financial Inclusion
- Credit Growth: The MSME sector has witnessed a 13% year-on-year increase in commercial credit exposure, reaching ₹35.2 lakh crore by March 2025. This growth indicates a robust recovery and increased financial support for MSMEs. SIDBI+1The Tribune+1
- Government Initiatives: The government has introduced MSME Credit Cards, providing micro enterprises with revolving credit facilities. Additionally, the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has integrated AI-driven risk assessment tools, reducing approval times by 30% and enhancing fraud detection. Wikipedia
2. Policy Reforms and Structural Enhancements
- Revised Classification: Effective April 1, 2025, the Ministry of MSME has updated the classification criteria for MSMEs, aiming to provide a more inclusive framework based on investment and turnover. Lexology
- NITI Aayog’s Roadmap: A recent report by NITI Aayog highlights that medium enterprises, though constituting only 0.3% of MSMEs, contribute 40% to the sector’s exports. The report outlines targeted interventions, including technology upgrades and skill development, to harness the potential of these enterprises. The Economic Times+2Press Information Bureau+2The Economic Times+2
3. State-Level Initiatives
- Uttar Pradesh: The state has launched the Uttar Pradesh Export Growth Campaign (UPNVA) to bolster MSMEs, offering training, mentorship, and access to international markets. The Times of India
- Haryana: An ambitious ₹170 crore cluster development initiative has been introduced, establishing shared facilities like testing centers and training institutions to enhance industrial competence. The Times of India
4. Infrastructure and Investment
- Bengaluru Investment: The Karnataka government has announced investments worth over ₹1 lakh crore for Bengaluru’s development over the next four to five years, emphasizing support for MSMEs. The New Indian Express
5. Skill Development and Artisan Support
- PM Vishwakarma Scheme: Launched in 2023, this scheme provides end-to-end support to artisans and craftspeople, including training, tool kits, and collateral-free loans at a 5% interest rate. As of now, over 2.37 million applicants have successfully registered. Wikipedia
6. Digital Transformation and Market Access
- Government e-Marketplace (GeM): As of May 2025, GeM has crossed ₹13.60 lakh crore in Gross Merchandise Value, with over 10.42 lakh MSE sellers and service providers, facilitating greater market access for MSMEs. Wikipedia