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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