Q. With reference to Raising and Accelerating MSME Performance (RAMP) Programme consider the following statements:
1.It has been formulated based on the recommendations made by U K Sinha Committee.
2.It aims to provide support to the MSMEs by improving access to market and credit.
3.It is being funded by the international Monetary Fund (IMF).
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 2 only

[C] 2 and 3 only

[D] 1 and 3 only

Answer: A
Notes:

Explanation –

Statement 1 and 2 are correct. RAMP has been formulated based on the recommendations made by U K Sinha Committee, KV Kamath Committee and Economic Advisory Council to the Prime Minister (PM-EAC). It aims to provide support to the MSMEs by improving access to market and credit.

Statement 3 is incorrect.  RAMP is a World Bank assisted programme.

Source: ForumIAS