Sub-Schemes Under RAMP Programme

Context: Recently, the Ministry of Micro, Small & Medium Enterprises has launched three sub-schemes under the aegis of the RAMP (Raising and Accelerating MSME Productivity) programme. 

What are the three new sub-schemes introduced under the RAMP Programme?

• The three new sub-schemes under the RAMP Programme, include- 
  • MSME Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme)
  • MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE Scheme)
  • MSE Scheme on Online Dispute Resolution for Delayed Payments.

About the RAMP Programme

• It is a World Bank-supported Central Sector Scheme.  
• Administrative and Functional Body in India: National MSME Council 
• Aim: 
  • 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
  • Greening of MSMEs
• Key Objectives
  • To accelerate centre-state collaboration in MSME promotion and development
  • Enhance the effectiveness of existing schemes of the MSME Ministry for technology upgradation
  • Strengthen the receivable financing market for MSMEs
  • Enhance the effectiveness of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
  • Promote guarantee for greening initiatives of MSEs and women-owned MSEs

Various Sub-Schemes under RAMP Programme

Also Read: SWAMIH Investment Fund

News Source: PIB

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