JAMMU, December 26: Chief Secretary Atal Dulloo convened a meeting with the Industries & Commerce (I&C) Department to assess the implementation plan for the Government of India-sponsored Raising and Accelerating MSME Performance (RAMP) scheme in Jammu and Kashmir.
During the session, the Chief Secretary reviewed the approved Strategic Investment Plan (SIP) for the region along with the roadmap created by the Department for effective execution.
Dulloo emphasized the importance of selecting the best options for implementing various components of the scheme within the Union Territory (UT). He remarked that this initiative has significant potential to enhance the MSME sector and stressed that its successful implementation could lead to unprecedented growth for this vital industrial segment.
The Chief Secretary advised engaging reputable and experienced implementing partners who have a strong presence in the UT to ensure continuous monitoring and effective execution of each component of the scheme on the ground. He pointed out that choosing a suitable strategy directly influences the scheme’s outcomes and urged immediate action to propel the initiative forward, highlighting that the MSME sector is the backbone of J&K’s industrial landscape and represents its largest base.
Vikramjit Singh, Commissioner Secretary of I&C, provided an update on the scheme’s implementation status during the meeting. He explained that the scheme aims to strengthen MSME governance and institutions while supporting market access, enhancing company capabilities, and improving financial access over a five-year span up to 2027.
Additionally, he noted that a SIP of ₹77.30 crore was approved in principle during a meeting held in October this year.
Khalid Jehangir, Managing Director of the JK Trade Promotion Organization (TPO), informed attendees that the Department’s implementation plan includes eight key components, such as formalizing MSMEs, establishing the MSME Health Clinic (JKMHC), management development, skills enhancement for existing entrepreneurs, and an Entrepreneurship & Skill Development Programme (ESDP).
The plan also covers the formation of Producer Companies/Associations for GI/ODOP/DEH/Unique Products, promoting digital financing opportunities for units, facilitating Buyer Seller Meets and Reverse Buyer Seller Meets, enhancing MSME publicity and packaging of GI/ODOP/DEH/Unique Products, as well as developing a RAMP dashboard.
The meeting was attended by the Commissioner Secretary of the I&C Department, the MD of JKTPO, the Directors of Industries from both Kashmir and Jammu, representatives from IIM Jammu, NABARD, SIDBI, and other relevant officials.
JAMMU, December 26: Chief Secretary Atal Dulloo convened a meeting with the Industries & Commerce (I&C) Department to assess the implementation plan for the Government of India-sponsored Raising and Accelerating MSME Performance (RAMP) scheme in Jammu and Kashmir.
During the session, the Chief Secretary reviewed the approved Strategic Investment Plan (SIP) for the region along with the roadmap created by the Department for effective execution.
Dulloo emphasized the importance of selecting the best options for implementing various components of the scheme within the Union Territory (UT). He remarked that this initiative has significant potential to enhance the MSME sector and stressed that its successful implementation could lead to unprecedented growth for this vital industrial segment.
The Chief Secretary advised engaging reputable and experienced implementing partners who have a strong presence in the UT to ensure continuous monitoring and effective execution of each component of the scheme on the ground. He pointed out that choosing a suitable strategy directly influences the scheme’s outcomes and urged immediate action to propel the initiative forward, highlighting that the MSME sector is the backbone of J&K’s industrial landscape and represents its largest base.
Vikramjit Singh, Commissioner Secretary of I&C, provided an update on the scheme’s implementation status during the meeting. He explained that the scheme aims to strengthen MSME governance and institutions while supporting market access, enhancing company capabilities, and improving financial access over a five-year span up to 2027.
Additionally, he noted that a SIP of ₹77.30 crore was approved in principle during a meeting held in October this year.
Khalid Jehangir, Managing Director of the JK Trade Promotion Organization (TPO), informed attendees that the Department’s implementation plan includes eight key components, such as formalizing MSMEs, establishing the MSME Health Clinic (JKMHC), management development, skills enhancement for existing entrepreneurs, and an Entrepreneurship & Skill Development Programme (ESDP).
The plan also covers the formation of Producer Companies/Associations for GI/ODOP/DEH/Unique Products, promoting digital financing opportunities for units, facilitating Buyer Seller Meets and Reverse Buyer Seller Meets, enhancing MSME publicity and packaging of GI/ODOP/DEH/Unique Products, as well as developing a RAMP dashboard.
The meeting was attended by the Commissioner Secretary of the I&C Department, the MD of JKTPO, the Directors of Industries from both Kashmir and Jammu, representatives from IIM Jammu, NABARD, SIDBI, and other relevant officials.
