What is 'RAMP' Scheme, launched by Govt for MSMEs

The total outlay for the scheme is Rs. 6,062.45 crore or USD 808 Million.

What is 'RAMP' Scheme, launched by Govt for MSMEs
What is 'RAMP' Scheme, launched by Govt for MSMEs

New Delhi: The Government of India has launched a World Bank-supported Central Sector Scheme called Raising and Accelerating MSME Performance (RAMP) 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 up-gradation and addressing issues of
delayed payments and greening of MSMEs.

Cost of Scheme?

RAMP programme will be implemented over a period of five years. The total outlay for the scheme is Rs. 6,062.45 crore or USD 808 Million, out of which Rs. 3750 crores or USD 500 Million would be a loan from the World Bank, and the remaining Rs. 2312.45 crore or USD 308 Million would be funded by the Government of India (GoI).

Interventions under the RAMP programme, by way of increasing access of MSMEs to market, technology, and credit, increasing outreach to more MSMEs, the 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.