2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USD 900 million
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USD 808 million
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USD 701 million
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USD 551 million
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Detailed explanation-1: -RAMP is a new scheme and would commence in FY 2022-23. Expenditure Involved: The total outlay for the scheme is Rs. 6,062.45 crore or USD 808 Million, out of which Rs.
Detailed explanation-2: -World Bank and RAMP The program would have a total cost of Rs. 6,062.45 crores, of which Rs. 3750 crores will come from a World Bank loan, and the remaining Rs. 2312.45 crores will be provided by the Government of India.
Detailed explanation-3: -Contribution of MSMEs to GDP in India FY 2012-2021 Micro, small and medium enterprises across India accounted for nearly 27 percent of India’s GDP in financial year 2021.
Detailed explanation-4: -Micro, Small and Medium Enterprises (MSMEs) form the cornerstone of the Indian economy. The MSME sector in India has exhibited a strong performance and protected the economy from global adversities and shocks. It is estimated that there are 633.9 lakh MSMEs in India.