PM launches Rs. 6,000-cr RAMP scheme for MSMEs

New Delhi: Prime Minister Narendra Modi on Thursday said his government is taking measures to help small businesses increase exports and is framing new policies that will help the sector realise its potential. Launching several key initiatives for micro, small and medium enterprises (MSMEs) at the 'Udyami Bharat' programme, the Prime Minister emphasised that it is important for India's MSME sector to be strong for increasing India's exports and for India's products to reach new markets.

"Our government is taking decisions and making new policies keeping in mind your ability and the immense potential of this sector," he added.

He said that the initiatives launched and other measures undertaken by the government are linked with the quality and promotion of MSMEs. Modi launched key initiatives like 'Raising and Accelerating MSME Performance' (RAMP) scheme, 'Capacity Building of First-Time MSME Exporters' (CBFTE) scheme and new features of the 'Prime Minister's Employment Generation Programme' (PMEGP) to ramp up the MSME sector.

He also digitally transferred assistance to beneficiaries of PMEGP for 2022-23, announced results of the MSME Idea Hackathon, 2022, distributed National MSME Awards, 2022, and issued Digital Equity Certificates to 75 MSMEs in the Self Reliant India (SRI) Fund.