Raising and Accelerating MSME Performance

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The development objective of the Raising and Accelerating Micro, Small, and Medium Enterprise (MSME) Performance Program-for-Results Project for India is to strengthen MSME performance through sustainable and innovative market-based services at Central level and in selected states. The following results will be targeted under the program: RA 1: (i) improved MSME scheme delivery through enhanced Central Government (CG) level and CG-state coordination; (ii) enhanced Ministry of Micro, Small and Medium Enterprise (MoMSME) capacity to design, implement, and assess policies and programs; (iii) improved and inter-operable portals to deliver online cost-effective MSME services at scale; and (iv) a more decentralized, flexible, and cohesive state-led MSME program for improved outreach and results on the ground. RA 2: (i) improved quality, impact, and outreach of existing schemes in support of firm capabilities through further innovations; and strengthening markets for business services; (ii) improved access to finance for women entrepreneurs and greening investments; and (iii) improved access to finance and working capital of MSMEs through: (a) well-functioning digital factoring platforms; and (b) strengthened markets for online dispute resolution (ODR) and private sector provision of these services.