Question
Consider the following statements about Raising &
Accelerating MSME Performance (RAMP) programme: 1. RAMP programme is assisted by the IMF. 2. Recently, Union Minister for MSME launched three sub-schemes under the aegis of the RAMP programme. 3. It was launched in 2021. Which of the statements given above is/are correct?Solution
Recently, the Union Minister for Micro, Small & Medium Enterprises (MSME) launched three sub-schemes under the aegis of the RAMP programme. The Raising & Accelerating MSME Performance (RAMP) programme is assisted by the World Bank. It aims to improve the performance of micro, small, and medium enterprises (MSMEs) in India. It was launched in 2022. The National MSME Council has been set up by the Ministry to work as an administrative and functional body of the RAMP Programme. Sub schemes under RAMP -: MSME GIFT Scheme to help MSMEs adopt green technology, MSME SPICE Scheme to support circular economy projects, MSME ODR Scheme for Online Dispute Resolutionfor Delayed Payments.Â
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