Raising and Accelerating MSME Performance (RAMP)

About the scheme:

• RAMP is a World Bank supported Central Sector Scheme aimed at improving access of MSMEs to market, finance and technology upgradation by enhancing the outreach of existing MoMSME schemes. The program also aims at strengthening institutions at the Central and State level, and enhancing Centre- State collaboration

  Objective:
  • Accelerating Centre- State collaboration in MSME promotion and development
  • Enhancing effectiveness of existing MoMSME schemes for technology upgradation
  • Strengthening Receivable Financing Market for MSMEs
  Enhancing effectiveness of Credit Guarantee Trust for Micro & Small Enterprises (CGTMSE), and promoting guarantee for greening initiatives of MSEs, and women owned MSEs
  • Reducing incidence of delayed payments to MSEs
  
  Key Benefits:
  • RAMP scheme would enhance the performance of MSMEs by promoting technology upgradation, innovation, digitization, market access, credit, greening initiatives etc. through active participation of the State Governments.

Target Beneficiaries:

•RAMP scheme envisages to benefit more than 5.5 lakh MSMEs during the program period (FY 2022-23 to 2026-27). The program implementation will be through the State agencies.

Scheme applicable for:

•Individual MSMEs through State Government/Agencies