RAMP (Raising and Accelerating MSME Performance) programme is a Central Sector Scheme supported by the World Bank, designed to aid the Ministry of Micro, Small, and Medium Enterprises (MoMSME) in implementing the MSME Competitiveness Programme - Post-COVID Resilience and Recovery Programme(MCRRP). This initiative aims to revitalize the MSME sector, which has been significantly impacted by the COVID-19 pandemic. The programme focuses on enhancing market access, improving access to credit, strengthening institutions and governance at both central and state levels, and fostering centre-state linkages and partnerships. Additionally, it addresses issues related to delayed payments and promotes the greening of MSMEs.
According to the World Bank’s Programme Appraisal Document for RAMP, over 40% of MSMEs lack access to formal funding sources. The RAMP programme supports various interventions under the government’s COVID Resilience and Recovery efforts, supplementing ongoing support measures and emphasizing the competitive aspects of MSMEs. The programme aims to expand implementation capabilities and firm coverage in selected states based on readiness criteria, while also strengthening the MSMEs’ capabilities at the national level. The total financial outlay for the RAMP scheme is ₹6062.45 crores, with ₹3750 crores provided by a World Bank loan and ₹2312.45 crores from the Government of India.
Strengthening coordination with institutions at the National and State level.
Building and integrating technology platforms.
Enhancing firm capabilities and access to markets.
Strengthening the receivables financing market.
Enhancing guarantee products towards increased greening and gender participation.
Expanding access to Online Dispute Resolution Mechanism (ODR).
This composite workshop is designed to create traction for the Raising and Accelerating MSMEs Performance (RAMP) scheme in Madhya Pradesh. It aims to inform MSMEs, District Trade and Industry Centers (DTIC) officials, MSMEs officials and Industry associations about various schemes under the RAMP initiative. The workshop is structured to provide comprehensive insights into government initiatives, compliance requirements, and practical solutions to common challenges faced by MSMEs.
This workshop is designed to create traction for the RAMP scheme in Madhya Pradesh. It will provide comprehensive insights into government initiatives, compliance requirements, and practical solutions to common challenges faced by MSMEs.
Provide comprehensive information about various schemes under the RAMP initiative.
Equip MSMEs with the knowledge and tools needed to leverage government schemes for growth and sustainability.
Encourage the growth of the MSMEs sector by addressing common challenges and promoting best practices.
Strengthen the network between MSMEs, government officials, and industry associations, fostering a collaborative environment for mutual growth.