With reference to RAMP Scheme consider the following statements It is related to raising the perform...........

Economic Affairs Small Scale Industries

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With reference to RAMP Scheme, consider the following statements

It is related to raising the performance of the MSME sector.
It is in line with the recommendations made by the U. K. Sinha Committee.
It is a World Bank assisted Central Sector Scheme.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

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Explanation:

All statements are correct.
Recently, the Union Cabinet approved the “Raising and Accelerating MSME Performance” (RAMP) scheme which would commence in FY 2022-23.

It is in line with the recommendations made by U K Sinha Committee, KV Kamath Committee and Economic Advisory Council to the Prime Minister (PMEAC).
The Reserve Bank of India had constituted an ‘Expert Committee on Micro, Small and Medium Enterprises’ under the Chairmanship of Shri U K Sinha in 2019 to suggest long-term measures for the economic and financial sustainability of the MSME sector.
It is a World Bank assisted Central Sector Scheme, supporting various CoronaVirus Disease 2019 (Covid) Resilience and Recovery Interventions of the Ministry of Micro, Small and Medium Enterprises (MoMSME).

Hence option 4th is correct.