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News: The Ministry of MSME is accelerating the digital transformation of India’s smallest businesses through the Trade Enablement and Access to Market (TEAM) Initiative under Raising and Accelerating MSME Performance (RAMP) Programme.
About RAMP Programme and Trade Enablement and Access to Market (TEAM) Initiative
About Raising and Accelerating MSME Performance (RAMP) Scheme
- Type: It is a World Bank-supported central sector scheme.
- Nodal Ministry: It is being implemented by the Ministry of Micro, Small and Medium Enterprises (MoMSME) over the five-year period 2022-23 to 2026-27.
- Aim: The scheme aims to scale up the implementation capacity and coverage of MSMEs with impact enhancement of existing MSME schemes by:
- fostering innovation, encouraging ideation, improving practices and processes
- enhancing market access
- promoting greening initiatives
- scaling up guarantees to women-owned micro and small enterprises etc.
- It also aims at promoting Centre-State collaboration by providing grants to States for preparation of Strategic Investment Plan (SIP), which is a roadmap developed by the respective State/UT for development of the MSME sector in the State.
- It provides grants to States/UTs for implementing selected projects in the SIP.
- It receives result- based funding from the World Bank.
About Trade Enablement and Access to Market (TEAM) Initiative
- It is a sub-scheme under the RAMP Programme.
- Launched by: It has been launched by the Ministry of Micro, Small and Medium Enterprises (MSME).
- Implementing agency: Its implementing agency is National Small Industries Corporation (NSIC).
- Aim: It aims to provide end-to-end e-commerce support to Micro and Small Enterprises (MSEs), enabling them to participate effectively in digital commerce ecosystems through the Open Network for Digital Commerce (ONDC).
- It seeks to empower artisans, home-based entrepreneurs, local manufacturers and small retailers by providing structured institutional support across every stage of e-commerce participation.
- Features:
- It enables MSMEs to leverage the e-commerce marketplace.
- It helps MSMEs to widen their customer base and increase their income.
- It bolsters the credibility of MSMEs by establishing their digital presence and transaction history.
- With use of digital technologies, it reduces the cost of doing business.
- It promotes inclusivity by ensuring that 50% of participating businesses are women-led.
- It plans to increase awareness by conducting over 150 workshops in tier 2 and tier 3 cities.
