Module: General Practice
Q87: Consider the following statements regarding the RAMP (Raising and Accelerating MSME Performance) scheme:
It is a Central Sector Scheme supported by the World Bank.
Its primary objective is to exclusively formalize Informal Micro Enterprises.
It requires States to prepare Strategic Investment Plans to identify local MSME constraints.
Which of the statements given above are correct?
Its primary objective is to exclusively formalize Informal Micro Enterprises.
It requires States to prepare Strategic Investment Plans to identify local MSME constraints.
Which of the statements given above are correct?
✅ Correct Answer: C
Statements 1 and 3 are correct.
Statement 1 is Correct: RAMP is a World Bank-assisted Central Sector Scheme with a total outlay of approximately 6,000 Crore rupees.
Statement 2 is Incorrect: While RAMP supports the sector generally, the specific formalization of Informal Micro Enterprises (IMEs) is the primary mandate of the Udyam Assist Platform (UAP). RAMP focuses broadly on market access, green transition, and dispute resolution regarding delayed payments.
Statement 3 is Correct: A core component of RAMP is the preparation of Strategic Investment Plans (SIPs) by State Governments to align local industrial needs with national goals.
Statement 1 is Correct: RAMP is a World Bank-assisted Central Sector Scheme with a total outlay of approximately 6,000 Crore rupees.
Statement 2 is Incorrect: While RAMP supports the sector generally, the specific formalization of Informal Micro Enterprises (IMEs) is the primary mandate of the Udyam Assist Platform (UAP). RAMP focuses broadly on market access, green transition, and dispute resolution regarding delayed payments.
Statement 3 is Correct: A core component of RAMP is the preparation of Strategic Investment Plans (SIPs) by State Governments to align local industrial needs with national goals.