Shri Narayan Rane launches three sub-schemes under the RAMP programme
- Union Minister for MSME, Shri Narayan Rane, launched three sub-schemes under the RAMP programme to support the MSME sector.
MSME Green Investment and Financing for Transformation Scheme (MSME GIFT Scheme)
Objective:
- Aims to assist MSMEs in adopting green technology.
- Provides interest subvention and credit guarantee support to encourage the adoption of eco-friendly practices.
MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE Scheme):
- First-ever government scheme supporting circular economy projects.
- It aims to offer credit subsidies to promote projects leading to zero emissions by 2070, aligning with MSME sector goals.
MSE Scheme on Online Dispute Resolution for Delayed Payments
- Unique scheme using modern IT tools and AI to address delayed payments for Micro and Small Enterprises.
- Synergizes legal support with technology to streamline dispute resolution.
Additional Initiatives
- MSME – SCIP Programme
- Supports the commercialization of intellectual property for MSME innovators.
- ZED Scheme
- It made it free for women-led MSMEs, with the government guaranteeing 100 percent financial support for certification costs.
Purpose of National MSME Council
- Administrative and functional body of the World Bank-supported RAMP Programme.
RAMP Programme Objectives
- Aims to improve market and credit access, strengthen institutions and governance
- It enhances Centre-State linkages, addresses delayed payments, and promotes green practices in MSMEs.
Prelims Takeaway
- MSMEs
- RAMP Programme