On December 26, 2024, Chief Secretary Atal Dulloo convened a meeting with the Industries & Commerce (I&C) Department to assess the implementation plan for the Government of India’s Raising and Accelerating MSME Performance (RAMP) scheme in Jammu & Kashmir.
Strategic Investment Plan (SIP) Approval
The meeting reviewed the approved Strategic Investment Plan (SIP) for Jammu & Kashmir, with an in-principle sanctioned amount of ₹77.30 crore as of October 2024. This plan outlines the roadmap for the RAMP scheme’s execution in the Union Territory (UT).
Emphasis on Optimal Implementation Strategies
Chief Secretary Dulloo emphasized selecting the most effective implementation strategies for the scheme’s various components. He highlighted the scheme’s potential to significantly enhance the MSME sector and called for engaging reputable implementation partners with substantial expertise and a strong presence in the UT. This approach aims to ensure continuous monitoring and efficient on-ground execution of the scheme.
Key Components of the RAMP Scheme
The Managing Director of Jammu & Kashmir Trade Promotion Organization (JKTPO), Khalid Jahangir, outlined the scheme’s components, which include:
Formalization of MSMEsMSME Health Clinic (JKMHC)Management Development & Upskilling of Existing EntrepreneursEntrepreneurship & Skill Development Programme (ESDP)Formation of Producer Companies/Associations for GI/ODOP/DEH/Unique ProductsPenetration of Digital Financing for UnitsBuyer-Seller Meets and Reverse Buyer-Seller MeetsMSME Publicity and Packaging for GI/ODOP/DEH/Unique ProductsDevelopment of RAMP Dashboard
Objective and Duration of the RAMP Scheme
The RAMP scheme, launched by the Ministry of Micro, Small, and Medium Enterprises (MoMSME), is a Central Sector Scheme aimed at strengthening institutions and governance of MSME programs. It provides support for market access, enhances firm capabilities, and improves access to finance over a five-year period until 2027.
