Raising and Accelerating MSME Performance (RAMP)
- Context: The 5th National MSME Council recently assessed the implementation status of the World Bank-assisted RAMP Programme.
About RAMP
- RAMP is a World Bank-supported Central Sector Scheme designed to strengthen the performance of Micro, Small and Medium Enterprises (MSMEs).
- It seeks to improve their access to markets, finance, and technology by expanding and improving the reach of existing schemes of the Ministry of Micro, Small and Medium Enterprises (MoMSME).
- The RAMP programme aims to boost MSME productivity and competitiveness by encouraging technology adoption, innovation, digital transformation, better market linkages, improved credit access, and environmentally sustainable practices.
Objectives
- Promote stronger collaboration between the Central and State Governments for MSME growth and development.
- Improve the impact of existing MoMSME initiatives, particularly those focused on technology upgradation.
- Develop and deepen the receivables financing ecosystem for MSMEs.
- Strengthen the functioning of the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE), including extending credit guarantees for environmentally sustainable (green) initiatives and women-led micro and small enterprises.
- Minimize the problem of delayed payments faced by micro and small enterprises (MSEs).
