Context:
Ministry of Micro, Small and Medium Enterprises (MoMSME) has launched three sub-schemes under the RAMP programme, aimed at bolstering the MSME sector in India.
Relevance:
GS II: Government Policies and Interventions
Dimensions of the Article:
- Sub-schemes Unveiled in RAMP Programme
- RAMP Scheme Overview
Sub-schemes Unveiled in RAMP Programme
MSME Green Investment and Financing for Transformation Scheme (MSME GIFT Scheme):
- Aims to facilitate MSMEs’ adoption of green technology.
- Provides interest subvention and credit guarantee support.
- Implemented by SIDBI.
MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE Scheme):
- First-ever scheme supporting circular economy projects.
- Involves credit subsidy to promote zero emissions by 2070.
- Implemented by SIDBI.
MSE Scheme on Online Dispute Resolution for Delayed Payments:
- Pioneering scheme integrating legal support and AI tools.
- Addresses delayed payments for Micro and Small Enterprises.
- Implemented by National Informatics Centre Services Inc. (NICSI)
Other Initiatives under Existing Schemes:
- MSME – SCIP (Support for Commercialisation of IP Programme) supports innovators in commercializing intellectual property.
- Zero Defect and Zero Effect (ZED Scheme) now made free for women-led MSMEs.
- Government guarantees 100 percent financial support for certification cost.
RAMP Scheme Overview
- World Bank assisted Central Sector Scheme.
- Supports Covid Resilience and Recovery Interventions of MoMSME.
Aimed at:
- Improve market and credit access.
- Strengthen institutions and governance.
- Enhance Centre-State linkages.
- Address delayed payments and promote greening of MSMEs.
Components:
- Strategic Investment Plans (SIPs) for all states/UTs.
- SIPs include outreach plans, gap identification, milestone setting, and budget projections.
- Focus on priority sectors like renewable energy, rural & non-farm business, trade, and women enterprises.
Monitoring and Policy Overview:
- Oversight by the National MSME Council.
- Headed by the Minister for MSME.
- Inclusive representation from various Ministries.
- Supported by a dedicated secretariat.
