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Govt of India Approves New Rules for MSME Cluster Development Programme

Published on May 30, 2022
Current Context: The Union Government has approved new guidelines for the Micro and Small Enterprises Cluster Development Programme. Guidelines will be implemented during the 15th Finance Commission Cycle.
Govt of India Approves New Rules for MSME Cluster Development Programme
  • With the approval of this, it will enhance the competitiveness and productivity of micro and small enterprises by undertaking certain interventions.
  • It includes the setting up of common facility centers and infrastructure development.
  • The central government's grant for the development of Common Facility Centres (CFCs) will be restricted to 70% of the cost of the project from Rs 5 crore to 10 crores and 60% of the cost of the project from Rs 10 crore to Rs 30 crore.
  • This will also help to build the capacity of MSEs and Startups for common supportive action through the integration of SHGs, district Industry associations, etc.
  • Apart from that, it will also promote green & sustainable manufacturing technology for the clusters, which enable them to switch to sustainable and green production processes and products.
  • This Cluster development program is considered to be the oldest & most reliable scheme of the Office of development commissioner of MSMEs.

Question:

Q.1 How much percentage of the grant will be restricted for the common service center for the project from 5 cr to 10cr?
a. 65%
b. 70%
c. 80%
d. 60%
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