New Delhi
Prime Minister Narendra Modi on Thursday inaugurated the Raising and Accelerating MSME Performance scheme at Vigyan Bhawan in the national capital.
According to Prime Minister’s Office (PMO), the scheme has outlay of around Rs 6,000 crore.
The scheme aims to scale up the implementation capacity and coverage of Medium Small and Micro Enterprises (MSME)in the states, with impact enhancement of existing MSME schemes.
It will complement the Aatmanirbhar Bharat Abhiyan by fostering innovation, encouraging ideation, incubating new business and entrepreneurship by developing quality standards, improving practices and processes, enhancing market access, deploying technological tools and Industry 4.0 to make MSMEs competitive and self-reliant.
Along with the RAMP scheme, PM Narendra Modi also inaugurated the Capacity Building of First-Time MSME Exporters scheme and new features of the Prime Minister’s Employment Generation Program (PMEG).
Prime Minister’s Employment Generation Program include an increase in the maximum project cost to Rs 50 lakh (from Rs 25 lakh) for the manufacturing sector and Rs 20 lakh (from Rs 10 lakh) in the service sector and the inclusion of applicants from aspirational districts and transgenders in the Special Category applicants for availing higher subsidies. Also, handholding support is being provided to applicants/entrepreneurs through the engagement of banking, technical and marketing experts.
The Prime Minister also digitally transferred assistance to beneficiaries of PMEGP for 2022-23.
Udyami Bharat is reflective of the continuous commitment of the government, right from day one, to work towards the empowerment of MSMEs.
