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Ministry Of Micro, Small and Medium Enterprises

Raising And Accelerating MSME Productivity (RAMP)

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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).
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