Sign In
Learn bits
Economy, Schemes & Policies
Mahesh

26/07/22 07:04 AM IST

Raising and Accelerating MSME Performance (RAMP)

In News 
  • Government has launched a World Bank supported Central Sector Scheme called Raising and Accelerating MSME Performance (RAMP). 
RAMP Scheme
  • The scheme aims at strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships and improving access of MSMEs to market and credit, technology upgradation and addressing issues of delayed payments and greening of MSMEs.
  • RAMP programme will be implemented over a period of five years. 
  • The total outlay for the scheme is ₹6,062.45 crore or USD 808 Million, out of which ₹3750 crore or USD 500 Million would be a loan from the World Bank and the remaining ₹2312.45 crore or USD 308 Million would be funded by the Government of India (GoI).
  • Interventions under RAMP programme, by way of increasing access of MSMEs to market, technology and credit, increasing outreach to more MSMEs, inclusion of service sector, gender and greening initiatives etc., are aimed at increasing the performance of the MSME sector, thus resulting in more employment opportunities.
Source- PIB 

More Related Current Affairs View All

23 Dec

National Farmers' Day

'National Farmers' Day in India, also known as Kisan Divas, is celebrated annually on December 23 to commemorate the birth anniversary of India's 5th Prime Minister, Choudhary Char

Read More

23 Dec

Telecommunications (Procedures and Safeguards for Lawful Interception of Messages) Rules, 2024

'The Union Government notified the Telecommunications (Procedures and Safeguards for Lawful Interception of Messages) Rules, 2024 which empower some enforcement and security agenci

Read More

20 Dec

National Quantum Mission

'National Quantum mission be implemented by the Department of Science & Technology (DST) under the Ministry of Science & Technology.' The mission planned for 2023-2031 a

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps