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PM Modi launches schemes to strengthen MSME Sector

Published on June 30, 2022
Current Context: Prime Minister Narendra Modi launched the Rs. 6,000 crore ‘Raising and Accelerating MSME Performance’ (RAMP) scheme in the ‘Udyami Bharat’ program.
PM Modi launches schemes to strengthen MSME Sector
  • As per the scheme, no global tender will be undertaken for orders up to Rs 200 crores.
  • More than Rs 500 crores have been digitally transferred to 18,000 MSMEs.
  • The main objective is to create a local supply chain for Make in India, which can reduce India's dependence on foreign countries.
  • Apart from that, there were many schemes like MUDRA Yojana, Emergency Credit Line Guarantee Scheme, and SFURTI to provide necessary and timely support to the MSME sector.
  • Besides PM has also launched the 'Capacity Building of First-Time MSME Exporters' (CBFTE) scheme.
  • The main aim of the Capacity Building of First-Time MSME Exporters scheme is to encourage MSMEs to offer products and services of international standards for the global market.
  • Udyami Bharat' is reflective of the continuous commitment of the government, which work towards the empowerment of MSMEs.


Q.1 As per the new MSMEs Scheme global tender will not be undertaken for orders up to ____________ to support domestic industries.
a. 300 crore
b. 400 crore
c. 500 crore
d. 200 crore
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