SDG 8: Decent Work & Economic Growth | SDG 9: Industry, Innovation & Infrastructure
Institutions: Ministry of MSME | World Bank
The RAMP (Raising and Accelerating MSME Performance) project, a Program-for-Results financing instrument supported by the World Bank, is helping India strengthen MSME competitiveness and digital integration. As of the latest status report (Sep 2025), 432,679 MSMEs across participating states have benefited from redesigned schemes. The TReDS platform has facilitated ₹2.1 trillion in receivable financing to over 65,000 firms, improving working capital access.
The program is deepening credit access through the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE), which has issued guarantees for ₹1.6 trillion in loans to 1.1 million MSMEs since reforms in 2023. Women-owned MSMEs are a priority, with gender-disaggregated financing data being tracked. On dispute settlement, the Samadhaan ODR platform has onboarded 3,000+ enterprises, fast-tracking MSME contract resolution.
Digital transformation is advanced through the Integrated National MSME Digital Platform (INMDP) - linking Udyam Registration, GeM, CGTMSE, and State SIP dashboards - designed to serve as a one-stop digital ecosystem. Greening efforts include piloting a Green Credit Guarantee Scheme to de-risk MSME clean-tech investments.
RAMP integrates with India’s Atmanirbhar Bharat and Digital India agendas by embedding MSME credit, formalisation, and dispute resolution into national digital platforms. The credit guarantee scaling reinforces Ease of Doing Business and liquidity, while green finance and women-entrepreneurship tracking advance India’s Net Zero and gender-equity commitments. By requiring state SIPs, the program is also nudging Centre-State convergence - a key gap in India’s MSME policy landscape.
What is Program-for-Results Financing? → A World Bank instrument that links loan disbursement directly to verified outcomes (e.g., MSMEs financed, platforms digitised), rather than upfront inputs. It ensures accountability and nudges governments to deliver measurable reforms.
What is TReDS? → The Trade Receivables Discounting System is an electronic financing platform where MSMEs can discount their invoices to buyers or financiers, enabling faster receivable monetisation and easing cash-flow constraints.
What is INMDP? → The Integrated National MSME Digital Platform is a portal to integrate legacy MSME services, data analytics, dashboards, and scheme delivery across central and state systems.
What is CGTMSE? → The Credit Guarantee Trust for Micro and Small Enterprises provides collateral-free loan guarantees to MSMEs, encouraging banks/NBFCs to expand credit.
What is Samadhaan ODR? → An enhanced version of the MSME Delayed Payment Monitoring portal, integrating online dispute resolution to allow MSMEs to settle delayed payment cases digitally without going to civil courts.
What is the Green Credit Guarantee Scheme? → A pilot program under RAMP that provides partial guarantees to banks and NBFCs to encourage lending for MSME investments in energy efficiency, clean technologies, and green certifications.
Follow the full document here:
https://documents1.worldbank.org/curated/en/099092725025539501/pdf/P172226-72633458-99d9-4ddb-9ee9-f2725ec5a1ce.pdf