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Questions and Answers

What is the main aim of the RAMP scheme?

  • To eliminate all forms of government intervention in MSME operations
  • To facilitate the promotion of large enterprises over MSMEs
  • To provide direct financial assistance to MSMEs
  • To enhance access to market and credit for MSMEs (correct)

Which of the following is not a component of the RAMP scheme?

  • Identification and mobilization of MSMEs
  • Preparation of Strategic Investment Plans (SIPs)
  • Addressing issues of delayed payments
  • Financial grants for MSMEs without conditions (correct)

What additional contribution is provided for MSMEs owned by Women/SC/ST in Northeast region?

  • No additional contribution
  • 5% (correct)
  • 15%
  • 10%

Who heads the apex National MSME Council overseeing the RAMP scheme?

<p>The Minister for MSME (D)</p> Signup and view all the answers

What is the total outlay for the RAMP scheme?

<p>Rs. 6,062.45 crore (C)</p> Signup and view all the answers

What is the primary goal of the incubation component in the MSME scheme?

<p>To promote untapped creativity and adoption of new technologies (A)</p> Signup and view all the answers

How much financial assistance can an MSME receive for plant and machine procurement under the scheme?

<p>Up to Rs. 1 crore (A)</p> Signup and view all the answers

What is the purpose of the IPR component in the MSME scheme?

<p>To improve the IP culture and enhance awareness of IPRs (D)</p> Signup and view all the answers

What is the maximum amount of credit a promoter can receive under the Credit Guarantee Scheme for Subordinate Debt?

<p>Rs. 75 lakh or 15% of their stake, whichever is lower (D)</p> Signup and view all the answers

What is the guarantee coverage percentage provided under the Credit Guarantee Scheme for Subordinate Debt?

<p>90% guarantee coverage (B)</p> Signup and view all the answers

Flashcards

MSME Idea Hackathon

A government initiative to encourage MSME innovation and technology adoption.

Credit Guarantee Scheme for Subordinate Debt (CGSSD)

Scheme to provide credit to stressed MSMEs by guaranteeing a portion of the loan.

MSME Incubation

A program supporting new MSME businesses by providing resources.

Financial Assistance for MSME Innovation

Government funding for developing MSME ideas, up to INR 1.00 crore for plants and machinery.

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Intellectual Property Rights (IPR) Assistance

Government support for MSMEs to protect their intellectual innovations, like patents and trademarks.

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SFURTI Cluster Contribution

An additional 5% contribution is provided for MSMEs that are part of SFURTI clusters, owned by Women/SC/ST, and located in the Northeast region.

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Industry Association/OEM Contribution

An extra 5% contribution is given to MSMEs that register through Industry Associations or OEM organizations after completing all program levels.

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What is the RAMP scheme?

The Raising and Accelerating MSME Performance (RAMP) scheme is a World Bank-assisted program supporting COVID-19 recovery and resilience initiatives for MSMEs.

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RAMP's Key Goals

RAMP aims to improve market access and credit for MSMEs, strengthen government institutions, improve collaboration between central and state governments, and address issues like delayed payments and environmental sustainability.

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RAMP's SIPs

Strategic Investment Plans (SIPs) are a key component of RAMP. State/UTs create these plans to identify MSMEs, address constraints, set targets, and project funding needs for priority sectors.

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Study Notes

SIDBI Grade A & B General Stream Content 2024-25

  • SIDBI Grade A & B General Stream Content for 2024-25 is provided.
  • The document is a table of contents for the course material.
  • The content outlines various topics related to MSME financing.

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