State forms panel to promote MSMEs

The 10-member committee will implement the raising and accelerating MSME performance (RAMP) scheme of the Union ministry of micro, small & medium enterprises(MoMSME).

Jan 13: To spur growth of MSME units in the state, the industries department on Thursday constituted a Goa state raising and accelerating MSME performance programme committee (SRPC) chaired by the principal secretary, industries.

The 10-member committee will implement the raising and accelerating MSME performance (RAMP) scheme of the Union ministry of micro, small & medium enterprises(MoMSME).

The panel will decide on the plan and budget for implementing the scheme in the state, annual procurement plans, and funds to be released for strategic investment plan (SIP) of the MSMEs.

The other nine members of the committee are the skill development secretary, the urban development secretary, power secretary, member secretary of the GSPCB, the labour commissioner, chief inspector of the inspectorate of factories and boilers, director of skill development and entrepreneurship, managing director of the GIDC and the DITC director.

The RAMP scheme aspires to build up MSMEs by improving access to markets and credit, strengthen institutions and governance, improve Centre-state linkages and address issues of delayed payments and greening.

It has a total outlay of 6,062.45 crore, of which 3750 crore is loan from the World Bank and the remaining 2312.45 crore is funded by the government.

The scheme was approved by the cabinet in March 2022, and is for revival of MSMEs from the COVID distress.The RAMP scheme is for all states in India.

Source: Navhindtimes

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