June 12, 2024
  • 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.
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