The Ministry of Micro, Small & Medium Enterprises (MoMSME) on March 27, 2023, issued a notification regarding the Micro and Small Enterprises – Cluster Development Programme (MSE-CDP).
The following has been stated namely: -
• The objective of the scheme is to enhance the productivity and competitiveness of Micro and Small Enterprises (MSEs) for their holistic development by adopting a cluster approach through financial assistance as a Government of India (GoI) grant for the establishment of Common Facility Centers (CFCs) in the existing clusters and for the establishment of new/up-gradation of existing Industrial Areas/Estates/Flatted Factory Complexes.
• The Scheme of Funds for Regeneration of Traditional Industries (SFURTI) has also been implemented for making Traditional Industries more productive and competitive by organizing the Traditional Industries and artisans into clusters to provide support for their long-term sustainability and economies of scale.
• The several steps in processing the application have been simplified to expedite the approval as well as the functioning of projects under MSE-CDP as per the new guidelines.
[Release ID: 1911134]
