Raising and Accelerating MSME Performance (RAMP) Program: UPSC Daily Important Topic |10 April 2023

Raising and Accelerating MSME Performance (RAMP) Program

✅The programme targets improvements in the performance of 5.5 lakh MSMEs.

✅It is expected to mobilise financing of USD 15.5 billion, as part of the government’s USD 3.4 billion MSME Competitiveness – A Post-COVID Resilience and Recovery Programme (MCRRP).

✅It will provide better access to finance and working capital for MSMEs by strengthening the financing markets.

✅It will also scale up online dispute resolution mechanisms to address the problem of delayed payments.