The Raising & Accelerating MSME Performance (RAMP) scheme is a World Bank-assisted program that aims to improve the performance of micro, small, and medium enterprises (MSMEs) in India. The scheme was launched on 30 July 2022 by Hon'ble Prime Minister Shri. Narendra Modi ji and implemented by the Ministry of MSME, Government of India.

The RAMP scheme has a number of objectives, including:

• Improving access to market and credit for MSMEs

• Strengthening institutions and governance at the central and state levels

• Improving center-state linkages and partnerships

• Addressing issues of delayed payments

• Greening of MSMEs

  
  

The RAMP scheme is expected to benefit MSMEs in a number of ways, including:

• Increased access to markets and credit

• Improved access to technology and training

• Reduced delays in payments

• Increased environmental sustainability

  
  

The RAMP scheme is a significant initiative that has the potential to make a major impact on the Indian MSME sector. The scheme is expected to help MSMEs grow and become more competitive, which will in turn boost the Indian economy.

Here are some of the specific benefits that the RAMP scheme is expected to provide to MSMEs in India:

• Improved access to markets: The RAMP scheme will help MSMEs to access new markets by providing them with support for market research, product development, and export promotion.

• Improved access to credit: The RAMP scheme will help MSMEs to access credit by providing them with guarantees and collateral support. This will make it easier for MSMEs to obtain loans from banks and other financial institutions.

• Strengthened institutions and governance: The RAMP scheme will help to strengthen the institutions and governance of the MSME sector by providing support for capacity building, training, and reforms. This will help to create a more conducive environment for MSMEs to operate in.

• Reduced delays in payments: The RAMP scheme will help to reduce delays in payments to MSMEs by providing support for the development of payment systems and dispute resolution mechanisms. This will help MSMEs to improve their cash flow and financial health.

• Increased environmental sustainability: The RAMP scheme will help MSMEs to become more environmentally sustainable by providing support for the adoption of green technologies and practices. This will help MSMEs to reduce their environmental impact and costs.

  
  

The RAMP scheme is a comprehensive and ambitious initiative that has the potential to make a major impact on the Indian MSME sector. The scheme is expected to help MSMEs grow and become more competitive, which will in turn boost the Indian economy.