RAMP Scheme for MSMEs

RAMP Scheme for MSMEs

Why in news ?

Recently, the Union Minister for Micro, Small & Medium Enterprises (MSME) launched three sub-schemes under the aegis of the RAMP programme.RAMP Scheme for MSME

What is the RAMP Scheme?

  • It is a World Bank assisted Central Sector Scheme, supporting various CoronaVirus Disease 2019 (Covid) Resilience and Recovery Interventions of the Ministry of Micro, Small and Medium Enterprises (MoMSME).

Aimed at:

  • Improving access to market and credit
  • Strengthening institutions and governance at the Centre and State
  • Improving Centre-State linkages and partnerships

How will this Scheme be Beneficial?

Address Challenges in the MSME Sector:

The RAMP programme will address the generic and Covid related challenges in the MSME sector by way of impact enhancement of existing MSME schemes, especially, on the competitiveness front.1

Address inadequately Addressed Blocks in MSME:

The programme will bolster the inadequately addressed blocks of capacity building, handholding, skill development, quality enrichment, technological upgradation, digitization, outreach and marketing promotion, amongst other things.

Source – Indian Express

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