Govt approves guidelines for small business cluster development programme for 2021-26 period

NEW DELHI: The govt has approved new recommendations of Micro and Compact Enterprises Cluster Improvement Programme (MSE-CDP) for implementation all through the 15th Finance Fee cycle – 2021-26, the MSME ministry said on Friday. The scheme aims at enhancing the competitiveness and productiveness of micro and small enterprises by endeavor selected interventions.

The interventions consist of setting up of popular facility centres and infrastructure improvement.

According to the tips, the central government’s grant for development of Common Facility Centres (CFCs) will be restricted to 70 for every cent of the value of the undertaking from Rs 5 crore to 10 crore and 60 per cent of the price of challenge from Rs 10 crore to Rs 30 crore.

In case of north-east and hill states, island territories and aspirational districts, the government’s grant will be 80 for every cent of the charge of the undertaking from Rs 5 crore to Rs 10 crore and 70 percent of charge of the job from Rs 10 crore to Rs 30 crore, the ministry claimed in a statement.

For infrastructure enhancement, it said the central governing administration grant will be limited to 60 for each cent of the expense of venture from Rs 5 crore to Rs 15 crore for placing up of new industrial estate/flatted factory elaborate, when the grant will be 50 per cent of the price of job from Rs 5 crore to Rs 10 crore for upgradation of existing industrial estate/ flatted manufacturing facility complex.