RAMP Scheme: Fostering innovation, encouraging ideation and entrepreneurship

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Prime Minister Narendra Modi launched the ‘Raising and Accelerating MSME Performance’ (RAMP) scheme, with an outlay of around Rs 6000 crore. It aims to scale up the implementation capacity and coverage of MSMEs in the States, with impact enhancement of existing MSME schemes. It will complement the Aatmanirbhar Bharat Abhiyan by fostering innovation, encouraging ideation, incubating new business and entrepreneurship by developing quality standards, improving practices and processes, enhancing market access, deploying technological tools and Industry 4.0 to make MSMEs competitive and self-reliant.

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