- 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%
