Economics · Government Initiatives for MSMEs

Consider the following statements regarding schemes for the MSME sector in India: 1. The RAMP program is a World Bank-assisted central sector scheme designed to strengthen institutional frameworks for MSMEs. 2. RAMP focuses on improving market and credit access, strengthening governance, and addressing delayed payments. 3. The ZED certification scheme motivates MSMEs to manufacture goods with zero defects and zero impact on the environment. 4. Under ZED, Micro, Small, and Medium enterprises receive 80 percent, 60 percent, and 50 percent subsidies respectively on certification costs. 5. MSME Sustainable (ZED) Certification has three levels—Bronze, Silver, and Gold. 6. SFURTI aims to organize traditional industries and artisans into clusters for competitiveness and employment. 7. Under SFURTI, a 'Major Cluster' has more than 500 artisans and is eligible for a government grant of up to 5 crore. Which of the following is correct?