New Delhi: Prime Minister Narendra Modi on Thursday launched the ‘Rising and Accelerating MSME Demonstration’ (Ramp) scheme for micro, small and medium enterprises at an ‘Entrepreneur India’ event held at Vigyan Bhawan in the national capital.
“When we say MSME, it extends to micro, small and medium enterprises in technical parlance. But these micro, small and medium enterprises are a big pillar of India’s growth journey. The MSME sector accounts for almost a third of India’s economy,” Modi said at the launch, The outlay for the scheme is around Rs 6,000 crore.
‘Entrepreneur India’ program is a Policy Launched by the Central Government to empower MSMEs. Thursday’s program organized under ‘Azadi Ka Amrit Mahotsav’ , Central government initiative to celebrate 75 years of India’s independence.
Modi also inaugurated the ‘Capacity Building of MSME Exporters’ scheme for the first time and unveiled new features of ‘Prime Minister’s Employment Generation Programme’ (PMEG) at Thursday’s event.
Modi said that the objective of the RAMP scheme is to enhance the implementation capacity and coverage of MSMEs in the country along with the existing schemes.
At the launch, the Prime Minister also praised the country’s Khadi industry, saying that its turnover has crossed Rs 1 lakh crore.
“This has been possible because our small entrepreneurs in the villages – our sisters – have worked very hard. Khadi sales have increased four times in the last eight years,” Modi said.
ThePrint’s photo editor Praveen Jain brings you photos from the event.