Government Approves Rs 6,000 Crore For MSMEs
The government has given nod to the World Bank assisted program Raising and Accelerating MSME Performance (RAMP). RAMP is worth Rs 6,062.45 crore. Finance Minister Nirmala Sitharaman in her budget speech in February had announced the rollout of the program.
Out of the total amount, Rs 3750 crore was already approved by the World Bank in June last year under the Credit Linked Capital Subsidy and Technology Upgradation Scheme. Now the remaining Rs 2312.45 crore outlay would be funded by the government.
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