New Guidelines of Micro & Small Enterprises Cluster Development Programme (MSE-CDP) approved

ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.

ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024

What is the News?

The Government has approved the New Guidelines of the Micro & Small Enterprises Cluster Development Programme (MSE-CDP). The programme will be implemented during the 15th Finance Commission Cycle(2021-22 to 2025-26).

What is Micro & Small Enterprises Cluster Development Programme?

The Government has adopted the cluster development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs).

Nodal Ministry: Ministry of Micro, Small and Medium Enterprises (MSME).

Objectives:

-To support the sustainability and growth of MSEs by addressing common issues such as improvement of technology, skills and quality, etc.

– To build the capacity of MSEs for common supportive action through the formation of self-help groups, up-gradation of associations, etc.

-To create/upgrade infrastructural facilities in the new/existing industrial areas/ clusters of MSEs.

– To set up common facility centres (for testing, training centre, raw material depot, effluent treatment, etc.

What are the new guidelines for MSE-CDP?

Common Facility Centers (CFCs): The central government grant will be restricted to 70% and 60% of the cost of the project under certain conditions.

Infrastructure Development: Similar restrictions have been placed for setting up of a new Industrial Estate / Flatted Factory Complex.

Source: The post is based on the article “New Guidelines of Micro & Small Enterprises Cluster Development Programme (MSE-CDP) approved” published in PIB on 27th May 2022.

Print Friendly and PDF
Blog
Academy
Community