MoneycontrolApr 25, 2022Cabinet approves $808-million programme to improve MSME performanceThe Union Cabinet has approved a World Bank-assisted programme worth $808 million to improve the performance of micro, small, and medium enterprises (MSME).The programme, called 'Raising and Accelerating MSME Performance' - or RAMP - will commence in FY23, the government said in a statement on March 30.Of the $808 million, $500 million will be a loan from the World Bank, while the remaining $308 million will come from the Centre.The $500 million loan from the World Bank's International Bank for Reconstruction and Development is for 18.5 years, which includes a grace period of 5.5 years.Read more at Moneycontrol
The Union Cabinet has approved a World Bank-assisted programme worth $808 million to improve the performance of micro, small, and medium enterprises (MSME).The programme, called 'Raising and Accelerating MSME Performance' - or RAMP - will commence in FY23, the government said in a statement on March 30.Of the $808 million, $500 million will be a loan from the World Bank, while the remaining $308 million will come from the Centre.The $500 million loan from the World Bank's International Bank for Reconstruction and Development is for 18.5 years, which includes a grace period of 5.5 years.Read more at Moneycontrol
