NITI Aayog Flags MSME Scheme Overlaps, Pitches Convergence for Greater Impact

• NITI Aayog's report, "Achieving Efficiencies in MSME Sector through Convergence of Schemes," highlights significant overlaps in central government MSME schemes.
• The report, launched by Arvind Virmani and B.V.R. Subrahmanyam, advocates for large-scale integration and rationalization of these programs to boost efficiency and effectiveness.
• It identifies that multiple ministries operate parallel schemes with similar objectives, leading to fragmented implementation and reduced reach.
• Key recommendations include creating a centralized, AI-enabled digital platform for MSMEs and merging schemes like SFURTI with MSE-CDP, and ASPIRE into the MSME Innovative program.
• Flagship and socially sensitive schemes such as National SC/ST Hub, PMEGP, and PM Vishwakarma are recommended to remain independent, with stronger collaboration for others.

Why It Matters: NITI Aayog recommends converging overlapping MSME schemes and creating a digital platform to enhance efficiency and impact.