Raising and Accelerating MSMEs performance Programme

• First meeting of national MSME Council held with emphasis on RAMP.

About RAMP

• It is a World Bank assisted Central Sector Scheme, supporting COVID Resilience and Recovery interventions of the Ministry of Micro, Small and Medium Enterprises (MoMSME).
• It 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
• The total outlay for the scheme is Rs. 6,062.45 crore out of which 3750 crore would be a loan from the World Bank and the remaining Rs. 2312.45 crore would be funded by India.
• The National MSME Council has been set up to oversee inter-Central Ministerial/Departmental coordination.