The Union Cabinet on March 30 approved a USD 808 million or Rs 6,062.45 crore, World Bank assisted programme on “Raising and Accelerating MSME Performance” (RAMP).
Salient features of RAMP
- RAMP is a new scheme and would commence in FY 2022-23.
- This is a World Bank assisted Central Sector Scheme, supporting various Corona Virus Disease 2019 (COVID) Resilience and Recovery Interventions of the Ministry of Micro, Small and Medium Enterprises (MoMSME).
- The programme aims at improving access to market and credit, strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships, addressing issues of delayed payments and greening of MSMEs.
- In addition to building the MoMSME’s capacity at the national level, the RAMP program will seek to scale up implementation capacity and MSME coverage in States.
- RAMP will complement the Atma Nirbhar Bharat mission by fostering innovation and enhancement in industry standards, practices and provide the necessary technological inputs to the MSMEs to make them competitive and self reliant, enhancing exports, substituting imports, and promoting domestic manufacturing.
- The overall monitoring and policy overview of RAMP would be done by an apex National MSME Council, headed by Minister for MSME, including representation from various Ministries and supported by a secretariat.
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