Tag: Raising and Accelerating MSME Performance (RAMP)

INDIAN ECONOMY

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).