PM to launch RAMP with outlay of appx Rs 6000 crore

at 2:09 pm

New Delhi: Prime Minister Narendra Modi will launch the ‘Raising and Accelerating MSME Performance’ (RAMP) scheme, ‘Capacity Building of First-Time MSME Exporters’ (CBFTE) scheme and new features of the ‘Prime Minister’s Employment Generation Programme’ (PMEGP) during  ‘Udyami Bharat’ programme here tomorrow.

Prime Minister will also digitally transfer assistance to beneficiaries of PMEGP for 2022-23; announce results of MSME Idea Hackathon, 2022; distribute National MSME Awards, 2022; and issue Digital Equity Certificates to 75 MSMEs in the Self Reliant India (SRI) Fund.

‘Udyami Bharat’ is reflective of the continuous commitment of the government, right from day one, to work towards empowerment of MSMEs.

Government has launched several initiatives from time to time like MUDRA Yojana, Emergency Credit Line Guarantee Scheme, Scheme of Fund for Regeneration of Traditional Industries (SFURTI) etc. to provide necessary and timely support to the MSME sector, which has helped benefit crores of people across the country.

Prime Minister will launch the ‘Raising and Accelerating MSME Performance’ (RAMP) scheme, with an outlay of around Rs 6000 crore, official release said.

It aims to scale up the implementation capacity and coverage of MSMEs in the States, with impact enhancement of existing MSME schemes.

It will complement the Aatmanirbhar Bharat Abhiyan by fostering innovation, encouraging ideation, incubating new business and entrepreneurship by developing quality standards, improving practices and processes, enhancing market access, deploying technological tools and Industry 4.0 to make MSMEs competitive and self-reliant.