Objective:

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.

RAMP will function as a:

1.    ‘’Policy Provider’’ through the enhanced capacity for evidence-based policy and program design, to enable the delivery of more effective and cost-efficient MSME interventions to improve competitiveness and business sustainability.

2.    “Knowledge Provider” through bench-marking, sharing and demonstrating best practices/success stories by leveraging international experiences.

3.    “Technology Provider” by providing access to high-end technology resulting in the digital and technological transformation of MSMEs through state of art Artificial Intelligence, Data Analytics, Internet of things (IoT), Machine Learning etc.

Background:

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).

Need for and Significance:

• 40% of MSMEs in India lack access to finance. MSMEs are the backbone of the Indian economy.
• The RAMP programme with impacts across the country will directly or indirectly benefit all 63 million enterprises that qualify as MSMEs.

Significance of MSMEs:

With around 63.4 million units throughout the geographical expanse of the country, MSMEs contribute around 6.11% of the manufacturing GDP and 24.63% of the GDP from service activities as well as 33.4% of India’s manufacturing output.

• They have been able to provide employment to around 120 million persons and contribute around 45% of the overall exports from India.
• About 20% of the MSMEs are based out of rural areas, which indicates the deployment of significant rural workforce in the MSME sector.