NITI Aayog proposes convergence of MSME schemes to unlock efficiency

Key facts

• NITI Aayog released the report 'Achieving Efficiencies in MSME Sector through Convergence of Schemes' recommending convergence of 18 Ministry of MSME schemes.
• The report recommends an AI-powered central portal integrating schemes, compliance, finance and market intelligence.
• It proposes integrating the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with the MSE–Cluster Development Programme under a unified governance structure.
• A dedicated Marketing Assistance Wing with domestic and international components is suggested to streamline market access.
• Skill development initiatives are to be rationalised into a three-tier structure covering entrepreneurship, technical skills and training for rural and women artisans.
• The report stresses safeguarding targeted initiatives such as the National SC/ST Hub and programmes for the North Eastern Region, while retaining flagship schemes like PMEGP and PM Vishwakarma.