Why India’s MSME Schemes Fail at the Last Mile — And What NITI Aayog Wants to Fix
India’s Micro, Small and Medium Enterprises (MSMEs) are often described as the backbone of the economy. The numbers support the claim. MSMEs contribute nearly 29–30% of India’s GDP, account for around 46% of total exports, and generate livelihoods for over 28 crore people, second only to agriculture. Yet, despite this economic weight, India’s MSME ecosystem…
