PM Modi's micro industry focus with Udyami Bharat

Prime Minister Narendra Modi will participate in the 'Udyami Bharat' programme at Vigyan Bhawan in New Delhi today.

During the event, Prime Minister will launch the 'Raising and Accelerating MSME Performance' (RAMP) scheme, 'Capacity Building of First-Time MSME Exporters' (CBFTE) scheme and new features of the 'Prime Minister's Employment Generation Programme' (PMEGP).

PM Modi will also digitally transfer assistance to beneficiaries of PMEGP for 2022-23; announce results of MSME Idea Hackathon, 2022; distribute National MSME Awards, 2022; and issue Digital Equity Certificates to 75 MSMEs in Self Reliant India (SRI) Fund.

According to Prime Minister's Office (PMO), 'Udyami Bharat' is reflective of the continuous commitment of the government, right from day one, to work towards the empowerment of MSMEs.

Prime Minister will launch the 'Raising and Accelerating MSME Performance' (RAMP) scheme, with an outlay of around Rs 6,000 crore. It aims to scale up the implementation capacity and coverage of MSMEs in the states, with impact enhancement of existing MSME schemes.

It will complement the Aatmanirbhar Bharat Abhiyan by fostering innovation, encouraging ideation, incubating new business and entrepreneurship by developing quality standards, improving practices and processes, enhancing market access, deploying technological tools and Industry 4.0 to make MSMEs competitive and self-reliant.

Prime Minister will also distribute the National MSME Awards 2022.

The award is a recognition of the contributions of MSMEs, States/UTs, aspirational districts and banks for their outstanding performance in the growth and development of India's dynamic MSME sector, the release said.

(ANI)