image

RAMP Scheme

About RAMP Scheme

Facebook IconLinkedIN Icon

What is RAMP Scheme?

Raising and Accelerating MSME Performance (RAMP) scheme is a World Bank-assisted central sector program to strengthen India’s Micro Small and Medium Enterprises (MSME) sector.
 
The program aims to improve access to market and credit, strengthening institutions, enhance Centre-state partnerships, address issues of delayed payments and greening of MSMEs, and ramp up implementation capacity and MSME coverage in states.


Components
The scheme includes the preparation of Strategic Investment Plans (SIPs), in which all states and union territories will be invited.
An apex National MSME Council would conduct overall monitoring and policy review of RAMP scheme. It would be headed by the Minister for MSME, include representation from various ministries and supported by a secretariat.
 
Benefits
RAMP will address the generic and Covid-related problems in the MSME sector.
It will improve capacity building, handholding, skill development, quality enrichment, technological upgradation, digitization, outreach and marketing promotion.
It will help in the generation of employment.
It will promote a larger formalisation in the MSMSE sector.
It will complement the AtmanNirbhar Bharat mission to encourage innovation and enhancement in industry standards, practices, and providing necessary technological inputs to the MSMEs.
 
Timeline
The RAMP scheme is in line with the recommendations by UK Sinha Committee, KV Kamath Committee and Economic Advisory Council to the Prime Minister (PMEAC). The Reserve Bank of India (RBI) had formed the UK Sinha Committee in 2019 to suggest measures for the economic and financial sustainability of the MSME sector.
The scheme was announced by Finance Minister Nirmala Sitharaman in the Union Budget 2022-23.
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved it in March 2022. PM Modi launched the scheme at a program in New Delhi on June 30, 2022.
 
Expenditure
The total outlay for the program is Rs 6,062.45 crore, of which Rs 3750 crore would be loaned by the World Bank and the remaining 2312.45 crore would be contributed by the Indian government.
 
MSMEs in India
As of March 2022, there were 7.9 million (79 lakh) MSMEs in India. They contribute about 30% of the country’s Gross Domestic Product (GDP). Such enterprises employ about 110 million (11 crore) people across India and make up nearly 48% of the country’s overall exports.

Here are the latest news from Business Standard

Latest News

L&T signs over ₹15,000 crore gas compression contract in West Asia

The project involves engineering, procurement and construction of gas compression plants, including compression systems and associated utilities

Updated On: 24 Aug 2026 | 9:04 PM IST

Hopes fade for 22 missing crew as experts suspect cargo liquefaction

The Panama-flagged bulk carrier sank within about eight minutes with 24 crew aboard; experts say excess moisture in its iron ore fines cargo may have caused liquefaction

Updated On: 24 Aug 2026 | 9:03 PM IST

RBI absorbs ₹1.41 trn surplus liquidity via VRRR, announces fresh auction

The central bank absorbed ₹1.41 trillion through seven-day and overnight VRRR auctions at 5.24 per cent, and announced a ₹1.75 trillion two-day auction for Tuesday

Updated On: 24 Aug 2026 | 9:02 PM IST

CJP calls for Sep 5 march in Delhi, accuses Centre of reneging on promises

CJP called for a protest march in Delhi on September 5, accusing the Centre of failing to honour the promises made on July 25 to convince the outfit to withdraw its 36-day agitation

Updated On: 24 Aug 2026 | 9:00 PM IST

Dixon Technologies set to gain from new mobile phone manufacturing scheme

The new mobile manufacturing scheme rewards incremental sales, localisation and domestic R&D, potentially supporting Dixon's exports and smartphone volumes

Updated On: 24 Aug 2026 | 9:00 PM IST

Sebi to introduce IT Resilience Index for market infra institutions

The move is aimed at strengthening oversight of the resilience of IT systems and identifying emerging weaknesses at an early stage, so that timely corrective measures can be taken.

Updated On: 24 Aug 2026 | 8:59 PM IST

Goyal urges Japanese firms to buy steel from India, backs safeguard duty

Commerce and Industry Minister Piyush Goyal on Monday urged Japanese firms to source steel from India, saying Indian companies manufacture high-quality products.

Updated On: 24 Aug 2026 | 8:58 PM IST

Digital finance gap limits women's participation in platform work: Report

Women remain under-represented in India's platform economy despite near parity in bank-account ownership, as digital capability and credit-access gaps persist

Updated On: 24 Aug 2026 | 8:58 PM IST

Economic activity growth eases to 11.4% in July from 12.1% in June: ICRA

Mining, electricity, e-way bills and domestic air traffic weighed on growth in July, while cement and coal output strengthened and unemployment declined

Updated On: 24 Aug 2026 | 8:57 PM IST

From trades to balance sheets, Sebi widens its AI-powered surveillance net

The market regulator plans to use a dedicated AI model to track quarterly results and flag financial misstatements and manipulation without waiting for investor complaints

Updated On: 24 Aug 2026 | 8:56 PM IST

Index funds gain momentum as ETFs lose share in India's passive fund rally

Index funds' share of passive AUM rose to 22.4 per cent in March 2026 from 6.2 per cent in March 2021, while the share of ETFs declined to 65.1 per cent

Updated On: 24 Aug 2026 | 8:54 PM IST

DP World stays firm on $5 billion India investment despite West Asia crisis

The ports and logistics major expects its planned investments to materialise over five years and is evaluating avenues for deploying the committed capital in India

Updated On: 24 Aug 2026 | 8:51 PM IST

Delhi HC orders ₹53 cr refund to Vodafone Idea, rejects Form 26B hurdle

The court held that a refund arising from an assessment or appellate order cannot be withheld merely because the taxpayer has not furnished Form 26B

Updated On: 24 Aug 2026 | 8:48 PM IST

Delhi HC reserves order on jurisdiction issue in HUL-Beco advertising row

HUL argued that Beco's online sales to Delhi consumers establish a commercial link with the city, while Kwick Living questioned the court's territorial jurisdiction

Updated On: 24 Aug 2026 | 8:44 PM IST

Vladimir Putin offers to increase Russia's fertiliser exports to India

Russian President Vladimir Putin said Moscow was prepared to increase fertiliser supplies to India, while noting that bilateral trade grew in the first half of 2026

Updated On: 24 Aug 2026 | 8:42 PM IST

SoftBank Group pares nearly 2.6% stake in Lenskart for ₹2,888 crore

SoftBank Group has once again trimmed its holding in Lenskart Solutions, selling nearly a 2.6 per cent stake in the eyewear retailer for Rs 2,888 crore through open market transactions on Monday.

Updated On: 24 Aug 2026 | 8:41 PM IST

Amazon, Flipkart revise seller fee structures ahead of festive season

Amazon has introduced graded cancellation fees linked to order value and will raise closing fees, while Flipkart has rolled out penalties based on seller cancellations

Updated On: 24 Aug 2026 | 8:39 PM IST

India's $126-bn mobile production target may take 5 more years to achieve

India's mobile manufacturing push has fallen short of its FY26 targets, with production at $70 billion and exports at $29 billion, delaying the original ambitions by several years

Updated On: 24 Aug 2026 | 8:36 PM IST

TCS to acquire Porsche subsidiary MHP for $373 mn, signs five-year deal

Porsche has signed a five-year strategic deal with TCS worth €1.25 billion; the acquisition of automotive and industrial consulting firm MHP is expected to close in 3-4 months

Updated On: 24 Aug 2026 | 8:24 PM IST

Datanomics: Submarine push highlights India's missed naval deadlines

This development highlights India's long-delayed naval projects and its spending patterns on naval fleets and infrastructure.

Updated On: 24 Aug 2026 | 8:13 PM IST