RAMP Programme

RAMP Programme Latest News

Recently, the Ministry of Micro, Small and Medium Enterprises, Government of India organised the fifth meeting of the National MSME Council to review progress of World Bank–Supported RAMP Programme in New Delhi.

About RAMP Programme

• The Raising & Accelerating MSME Performance (RAMP) programme was launched in 2022.
• 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.
• It is assisted by the World Bank.
• Objectives of RAMP Programme

• • Improving access to market and credit for MSMEs
  • Strengthening institutions and governance at the central and state levels
  • Improving center-state linkages and partnerships
  • Addressing issues of delayed payments
  • Greening of MSMEs
• The National MSME Council has been set up by the Ministry to work as an administrative and functional body of the RAMP Programme.
• It is implemented by the Ministry of Micro, Small and Medium Enterprises (MoMSME) over the five year period 2022-23 to 2026-27.
• It provides grants to States for preparation of Strategic Investment Plan (SIP).

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Sub schemes under RAMP

• MSME GIFT Scheme: MSME Green Investment and Financing for Transformation Scheme intends to help MSMEs adopt green technology with interest subvention and credit guarantee support.
• MSE SPICE Scheme: The MSE Scheme for Promotion and Investment in Circular Economy aims to support circular economy projects which will be done through credit subsidy and will lead to realising the dream of MSME sector towards zero emissions by 2070.
• MSE ODR Scheme: The MSE Scheme on Online Dispute Resolution for Delayed Payments is a first of its kind scheme to synergise legal support with modern IT tools and Artificial Intelligence to address the incidences of delayed payments for Micro and Small Enterprises.

Source: PIB