Raising And Accelerating MSME Performance (RAMP) Scheme 2022
The Micro, Small, and Medium Enterprises (MSME) sector is the backbone of the Indian economy, contributing around 30% to the country’s Gross Domestic Product (GDP). According to the Ministry of MSME, India is home to over 58 million MSMEs, which collectively generate approximately 120 million jobs. This makes MSMEs the second-largest employment provider in India, second only to the agriculture sector.
