The Union Cabinet has approved USD 808 million (INR 6,062.45 crore) for a new scheme 'Raising and Accelerating MSME Performance' (RAMP). The new scheme assisted by the World Bank is expected to commence in the financial year of 2022-23.
Ajay Kumar Sood, a member of the Prime Minister's Science, Technology and Innovation Advisory Council, has been appointed to the post for three years, replacing renowned biologist K Vijayaraghavan.
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