RAMP will support various COVID resilience and recovery interventions of the ministry of micro, small and medium enterprises (MSMEs).
The programme aims at improving access to market and credit, strengthening institutions and governance at the centre and state levels, improving centre-state linkages and partnerships, addressing issues of delayed payments and greening of MSMEs.
In addition to building the ministry’s capacity at the national level, the programme will seek to scale up implementation capacity and MSME coverage in states, according to an official release.
The programme will bolster the inadequately addressed blocks of capacity building, handholding, skill development, quality enrichment, technological upgradation, digitisation, outreach and marketing promotion.
In states with relatively lower presence of MSMEs, the programme will usher in larger formalisation resulting from the higher impact of the schemes covered under RAMP.
The programme with directly or indirectly benefit all 63 million enterprises that qualify as MSMEs. However, a total of 5,55,000 MSMEs are specifically targetted for enhanced performance and, in addition, expansion of target market to include service sectors and increase of about 70,500 women MSMEs is envisaged.
RAMP was formulated and proposed by the Indian government for strengthening MSMEs in line with the recommendations made by U K Sinha Committee, KV Kamath Committee and Economic Advisory Council to the Prime Minister.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
