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Union MSME Minister Narayan Rane Launched 3 Sub-schemes under RAMP Programme

Published on December 23, 2023
Current Context: Union Minister for MSME Shri Narayan Rane launched the three sub-schemes under the RAMP programme on December 20, 2023.
Union MSME Minister Narayan Rane Launched 3 Sub-schemes under RAMP Programme
  • Here are the details of the three sub-schemes:
    • MSME Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme): This scheme aims to help MSMEs adopt green technology with interest subvention and credit guarantee support.
    • MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE Scheme): This is the first-ever scheme in the government to support circular economy projects. It will be done through credit subsidy and aims to support the MSME sector towards zero emissions by 2070.
    • MSE Scheme on Online Dispute Resolution for Delayed Payments: This is a first-of-its-kind scheme to synergise legal support with modern IT tools and Artificial Intelligence to address the incidences of delayed payments for Micro and Small Enterprises.
  • In addition, the ZED Scheme of the Ministry has now been made completely free for women-led MSMEs. The government guarantees payment of 100 percent financial support for the certification cost.

Question:

Q.1 Who is the Union Minister for MSME who launched the three sub-schemes under the RAMP programme?
a. Narendra Modi
b. Amit Shah
c. Narayan Rane
d. Rajnath Singh

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