National MSME Council
The inaugural meeting of the National MSME Council, held on 10th May 2023, marked a significant milestone in overseeing coordination, synergies, and advancements within the Micro, Small, and Medium Enterprises (MSME) sector. This article explores the purpose, importance, and outcomes of the meeting, which operated within the framework of the RAMP programme. Launched by Prime Minister Shri Narendra Modi, the RAMP programme aims to enhance the performance and development of MSMEs.
Purpose and Objectives of the National MSME Council
The National MSME Council plays a pivotal role as an administrative and functional body responsible for coordinating efforts between Central Ministries/Departments, facilitating Centre-State synergies, and providing guidance and monitoring progress in MSME sector reforms.
Under the RAMP Programme
The first meeting of the National MSME Council was organized under the ambit of the RAMP (Raising and Accelerating MSME Performance) programme. Launched in June 2022 by Prime Minister Shri Narendra Modi, this initiative seeks to uplift and expedite the performance of MSMEs. The RAMP programme’s objectives include:
- Improving market access and credit availability
- Strengthening institutional frameworks and governance
- Fostering collaboration between the Centre and states
- Addressing delayed payments
- Promoting environmental sustainability through the adoption of eco-friendly practices in MSMEs.
Leadership and Participation
Chaired by Union Minister for MSME, Narayan Rane, the meeting of the National MSME Council witnessed the active participation of representatives from 24 States/Union Territories (UTs). Bhanu Pratap Singh Verma, Minister of State for MSME, served as the Vice Chairperson. The event also saw the attendance of Secretaries from Central Ministries/Departments, Principal Secretaries, and Nodal Officers representing their respective regions.
Month: Current Affairs - May, 2023
Category: India Nation & States Current Affairs