Q. Which one of the following is the main objective of the Raising & Accelerating MSME Performance (RAMP) program?

[A] It aims to provide financial assistance to struggling micro, small, and medium enterprises (MSMEs).

[B] It aims to enhance the overall performance and competitiveness of Indian MSMEs.

[C] It aims to promote entrepreneurship and create new employment opportunities in the MSME sector.

[D] It aims to simplify regulations and compliance requirements for MSMEs.

Answer: B
Notes:

Explanation – The main objective of the Raising & Accelerating MSME Performance (RAMP) program is to enhance the overall performance and competitiveness of Indian MSMEs. The RAMP program was launched by the Ministry of Micro, Small and Medium Enterprises (MSME) in India to address various challenges faced by MSMEs and to enhance their productivity, profitability, and resilience.

Recently, the Union Minister for MSME has launched three sub-schemes under the aegis of the RAMP programme: MSE GIFT Scheme, MSE SPICE Scheme, MSE Scheme on Online Dispute Resolution for Delayed Payments.

Source: Forum IAS

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