Government Approves Rs 6062 Crore For RAMP, Loan Of Rs 3750 Crore Will Be Taken From World Bank!
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved USD 808 million or Rs 6,062.45 crore for the World Bank-assisted “Rising and Accelerating MSME Performance” (RAMP) programme. RAMP is a new scheme and will start in FY 2022-23. The plan is to invest a total of Rs 6,062.45 crore or USD 808 million, of which Rs 3750 crore or USD 500 million will be loaned from the World Bank, and the rest Rs 2312.45 crore or USD 308 million will be funded by the Government of India. RAMP is a World Bank-assisted central sector scheme. Its purpose is to improve and speed up the performance of MSMEs affected by Corona. In this work, it will strengthen the efforts of the Ministry of Micro, Small and Medium Enterprises (MoMSME). It aims to improve access to markets and ...
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