Details
Launched on 30th June 2022 by the Hon’ble Prime Minister of India, “Raising and Accelerating MSME Productivity (RAMP)” is a Central Sector Scheme by the Ministry of Micro, Small & Medium Enterprises. The scheme 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 Atma Nirbhar Bharat Mission by fostering innovation, encouraging ideation, and 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.
The scheme shall implement regulatory, financial, and implementation reforms as well as firm-level access reforms to provide targeted interventions to MSMEs across recognized challenge areas. In addition to building the Ministry of MSME’s capacity at the national level, the RAMP program will seek to scale up implementation capacity and firm coverage in the states of Gujarat, Maharashtra, Punjab, Rajasthan, and Tamil Nadu.
RAMP targets improvement in the performance of 5.55 lakh MSMEs, and aims to enhance access to market and credit by strengthening institutions, enhancing center-state partnerships, addressing issues of delayed payments and greening of MSMEs, and ramping up implementation capacity and MSME coverage in states, with impact enhancement of existing MSME schemes. The total outlay for the scheme is ₹ 6,062.45 crore out of which ₹ 3,750 crore would be a loan from the World Bank and the remaining ₹ 2312.45 crores would be funded by India. The duration of the scheme is five years (2021-22 to 2025-26).
Benefits
1. Address Challenges in the MSME Sector: The RAMP program will address the generic and Covid related challenges in the MSME sector by way of impact enhancement of existing MSME schemes, especially, on the competitiveness front.
2. Address inadequately Addressed Blocks in MSME: The program will bolster the inadequately addressed blocks of capacity building, handholding, skill development, quality enrichment, technological upgradation, digitization, outreach, and marketing promotion, amongst other things.
3. Generate Employment: RAMP program, through enhanced collaboration with States, will be a job-enabler, market promoter, and finance facilitator, and will support vulnerable sections and greening initiatives.
4. Usher in Larger Formalization: In States where the presence of MSMEs is on the lower side, the program will usher in larger formalization resulting from the higher impact of the schemes covered under RAMP. The SIPs developed by these States would act as a roadmap for the development of an improved MSME sector.
5. Complement the Atmanirbhar Bharat Mission: RAMP will complement the AtmanNirbhar Bharat mission by fostering innovation and enhancement in industry standards, and practices and providing the necessary technological inputs to the MSMEs.
Eligibility
- The MSME should be registered under the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006.
- The MSME should have a valid Udyog Aadhaar Number (UAN).
Application Process
A separate RAMP portal will be developed shortly, with all guidelines, etc.