Union Cabinet has approved the “Raising and Accelerating MSME Performance” (RAMP) programme that is also supported by the World Bank and will cost Rs 6,062.45 crore.The newly launched RAMP scheme would commence in the Financial Year 2022-23.The recommendations for the RAMP scheme were made by KV Kamath Committee, U K Sinha Committee, and Economic Advisory Council to the Prime Minister (PMEAC).The total financial outlay for the RAMP scheme is Rs.6,062.45 crore (USD 808 Million). World Bank will be providing a loan of Rs.3750 crore (USD 500 Million) for this programme and the remaining Rs.2312.45 crore (USD 308 Million) is being funded by the Central Government.
This scheme will be looking to support various COVID-19 related Recovery and Resilience Interventions of the Ministry of Micro, Small, and Medium Enterprises. The scheme will also be aiming to improve the access to credit and the market as well as strengthen the institutions and governance at the State and the Centre and State. It will also be looking to improve the partnerships of the Centre and the State as well as address the issues related to delayed payments. MSME’s capacity will also be increased through this programme and will also scale up MSME coverages in the states and UTs. This scheme will be looking to bolster skill development, capacity building, technological up-gradation, quality enrichment, outreach, digitization, marketing promotion, etc. It will also help in the creation of jobs and bringing in greening initiatives in this sector.
Implementation and Monitoring of this scheme
Coverage of States and Districts
Your email address will not be published. Required fields are marked *
© Powered By Current Hunt, Designed & Developed By Quizsolver.com
This function has been disabled for Current Hunt.