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Udyami Bharat Programme

Udyami Bharat Programme:

Prime Minister Narendra Modi launches several schemes and programmes at Udyami Bharat Programme in New Delhi.

  • During the event, Mr Modi launched the Raising and Accelerating MSME Performance (RAMP) Scheme, Capacity Building of First-Time MSME Exporters Scheme and new features of the Prime Minister’s Employment Generation Programme PMEGP.
  • He added that the Centre has increased the budget by more than 650 percent in the last eight years to strengthen the Micro, Small and Medium Enterprises (MSME) sector.
  • A self-reliant fund of 50 thousand crore rupees has been released for the sector.
  • The Prime Minister also asked MSMEs to register on the GeM portal for supplying goods to the government.
  • Modi said the government has decided that for orders up to 200 crore rupees, no global tender will be undertaken and this is in some ways a reservation for the MSMEs.
  • Under the Emergency Credit Line Guarantee Scheme, the central government has ensured 3.5 lakh crore rupees for the MSMEs.