Fintech tools to transform medium enterprises into growth engines: NITI

NITI Aayog has submitted a report on Monday stating that despite constituting only 0.3 per cent of the micro, small, and medium enterprises (MSME) sector, the medium enterprises contribute 40 per cent of the sector’s exports. The report, titled ‘Designing a Policy for Medium Enterprises’, highlights the contribution of medium enterprises along with outlining the modifications and aims to promote the role of medium enterprises in the Indian economy, according to Press Trust of India (PTI).