contribution of MSME Archives

Centre Approves Raising And Accelerating MSME Performance By World Bank

Pooja YadavApril 1, 20220

The Union Cabinet has approved the “Raising and Accelerating MSME Performance” (RAMP) programme that's also supported by the World Bank and can cost Rs 6,062.45 crore. The newly launched RAMP scheme would commence within the fiscal year 2022-23. The recommendation was made by K V Kamath Committee, U K Sinha Committee and Economic Advisory Council to the Prime Minister (PMEAC). The total financial outlay for the RAMP scheme is Rs.6,062.45 crore (USD 808 Million). United Nations agency is providing a loan of Rs.3750 crore (USD 500 Million) for this programme and therefore the remaining Rs.2312.45 crore (USD 308 Million) is being funded by the Central government. This scheme is looking to support various COVID-19 related Recovery and Resilience Interventions of the Ministry of ...

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Centre Announces Formation Of MSME Technology Centre In Maharashtra

Pooja YadavFebruary 28, 20220

The Union minister of MSME Narayan Rane has announced the formation of the MSME Technology Centre at Sindhudurg, Maharashtra. This can be established at a value worth Rs 200 crore. The Konbac Sfurti Cluster in Kudal was also launched. this may support 500 honey bee boxes, 300 artisans. 100 electric pottery wheels and 100 incense stick production machines were also distributed to supply opportunities for self-employment. Rupay Card was also launched which offers perks like digital payments at any time, a rate that's similar to that applicable to loans, and an interest-free period. Importance Of MSME-Technology Centre Through the MSME-Technology Centre the most effective technology, incubation, and advisory support are provided to the industry, especially MSMEs. ...