Connect with us

Business News

PM launches new scheme worth Rs 6,000 crore to encourage exports



PM launches Rs 6,000 crore ‘Ramp’ scheme

Prime Minister Narendra Modi on Thursday launched schemes to support the Micro, Small and Medium Enterprises (MSMEs) sector and encourage exports.

Here are the major highlights:

  1. Prime Minister Narendra Modi on Thursday launched the Rs 6,000 crore ‘Rising and Accelerating MSME Performance’ (RAMP) scheme.

  2. He also launched the scheme ‘Capacity Building of MSME Exporters (CBFTEs) for the first time’ to encourage export of products and services.

  3. To strengthen the MSME sector, the government has increased the budget by more than 650% in the last 8 years, Mr Modi said.

  4. The government is taking necessary policy changes to encourage the MSME sector, the Prime Minister said.

  5. PM asked MSMEs to register on GeM portal for supply of goods to the government.