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“A complete of Rs 713 crore has been accepted for these 9 SIPs,” the official added. SIPs of Meghalaya, Chandigarh, Tripura, Nagaland, Uttarakhand and Himachal Pradesh additionally acquired go-ahead on Wednesday. To this point, 25 states and union territories have submitted SIPs to the ministry of micro, small and medium enterprises because the roll out of the scheme in 2022.
Tamil Nadu, Karnataka and Maharashtra have been the early states to submit SIPs, whereas Arunachal Pradesh, Chhattisgarh, Jharkhand and Manipur are but to submit their SIPs.
“We anticipate all states, together with UTs, to submit their SIPs in 4-5 months,” the official stated. The SIPs enable states to determine points plaguing the MSMEs and methods to deal with them.
The Centre gives funding help for SIPs beneath the Elevating and Accelerating MSME Efficiency (RAMP) scheme, which is a World Financial institution-supported central sector scheme with an outlay of Rs 6,062 crore over 5 years from 2022-23 to 2026-27.The scheme focuses on points regarding MSMEs resembling financing, advertising and marketing and upgrading know-how.
It was launched to reinforce the outreach of present schemes of the ministry of micro, small and medium enterprises by lively state participation, thereby enhancing the efficiency of MSMEs.Round Rs 1,400 crore is predicted to be spent beneath RAMP within the first two monetary years.”States’ intervention beneath SIPs might be a programme associated to creating consciousness about schemes amongst MSMEs, capacity-building of MSMEs or another particular intervention that is wanted for a specific state,” stated Anil Bhardwaj, secretary common, Federation of Indian Micro and Small & Medium Enterprises.
