Cabinet approves 'World Bank Assisted Programme' for the MSMEs

Cabinet approves 'World Bank Assisted Programme' for the MSMEs

31 March 2022, Mumbai:

The Union Cabinet on Wednesday approved Rs 6,062 crore for World Bank assisted programme for the MSME sector, which is meant to improve their access to market and credit, address issues related to delayed payments, and greening of the sector apart from strengthening governance.

ALSO READ Tirupur exporters meet FM, urging to help SMEs

Raising and Accelerating MSME Performance (RAMP) scheme is to be implemented in the next financial year and is meant to address Covid-19 and generic challenges faced by the sector.

RELATED NEWS On the Udyam platform, over 66 lakh MSMEs have registered, with 95% of them being micro companies

MSMEs have been among the worst-hit segments of the economy during the pandemic period with several units shutting down due to payment and credit issues.

Join our community on Linkedin 

CREDITS: TOI (The news article has not been edited by DFU Publications staff)

Author’s Posts

  • 62nd JOINT TECHNOLOGICAL CONFERENCE

    To be inaugurated by: Hon’ble Minister of Textiles, GoI, Giriraj Singh

    Oct 16, 2024

  • Brazil cotton over-reliance on exports!

    Marcelo Duarte Monteiro, Director ABRAPA who is based out of Singapore delivered a s...

    Oct 09, 2024

  • The 3rd Global Cotton Conference

    The 3rd Global Cotton Conference is just around the corner, scheduled for October 7, 2024, at La Shan...

    Oct 01, 2024

  • NISTI-IIT Delhi Joint Conference on Sustainability in Textiles and Clothing

    Emerging Trends in Fibers, Fabrics, Processes, and Fashion

    Sep 30, 2024

  • ICAHT-2024: OGTC

    23 September 2024, Mumbai

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex