Which of the following statement(s) is/are correct about the ‘Raising and Accelerating MSME Performance’ programme?
- It is a Centrally Sponsored Scheme launched by the Government of India to support various COVID-19 Resilience and Recovery interventions of the Ministry of MSMEs.
- The idea was formulated in line with the recommendations made by UK Sinha Committee, KV Kamath Committee and the Economic Advisory Council to the Prime Minister.
- The programme aims to improve access to market and credit, strengthen institutions and governance at the Centre and State level and address issues of delayed payments and greening of MSMEs.
Select the correct codes from below -
Explanation - RAMP was formulated and proposed by the Government of India, for strengthening MSMEs in line with the recommendations made by U K Sinha Committee, KV Kamath Committee and Economic Advisory Council to the Prime Minister (PMEAC). The Department of Economic Affairs (DEA) in the 97th Screening Committee meeting approved the preliminary proposal on RAMP. This was followed by Missions, extensive consultations with States and other stakeholders, technical and fiduciary assessments conducted by the World Bank. Thereafter, an Expenditure Finance Committee (EFC) Note was prepared and circulated to concerned line Ministries/Departments for obtaining their comments.
“Raising and Accelerating MSME Performance” (RAMP) is a World Bank assisted Central Sector Scheme, supporting various Corona Virus Disease 2019 (COVID) Resilience and Recovery Interventions of the Ministry of Micro, Small and Medium Enterprises (MoMSME). The programme aims at improving access to market and credit, strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships, addressing issues of delayed payments and greening of MSMEs. In addition to building the MoMSME’s capacity at the national level, the RAMP program will seek to scale up implementation capacity and MSME coverage in States.
Explanation - RAMP was formulated and proposed by the Government of India, for strengthening MSMEs in line with the recommendations made by U K Sinha Committee, KV Kamath Committee and Economic Advisory Council to the Prime Minister (PMEAC). The Department of Economic Affairs (DEA) in the 97th Screening Committee meeting approved the preliminary proposal on RAMP. This was followed by Missions, extensive consultations with States and other stakeholders, technical and fiduciary assessments conducted by the World Bank. Thereafter, an Expenditure Finance Committee (EFC) Note was prepared and circulated to concerned line Ministries/Departments for obtaining their comments.
“Raising and Accelerating MSME Performance” (RAMP) is a World Bank assisted Central Sector Scheme, supporting various Corona Virus Disease 2019 (COVID) Resilience and Recovery Interventions of the Ministry of Micro, Small and Medium Enterprises (MoMSME). The programme aims at improving access to market and credit, strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships, addressing issues of delayed payments and greening of MSMEs. In addition to building the MoMSME’s capacity at the national level, the RAMP program will seek to scale up implementation capacity and MSME coverage in States.
