MSME min tweaks cluster fund norms
THE government has made another move to beef up infrastructure of industrial clusters for micro, small and medium enterprises (MSMEs). The ministry of micro, small and medium enterprise development has revised the Small Industries Cluster Development Programme (SICDP) to initiate funding also for infrastructure development of such clusters. The new fund will flow to clusters over and above the ministry’s commitment to provide grants for technology upgradation, capacity building, training, skill and market development for individual units and creation for common facilities within each cluster. MSME ministry development commissioner Jawhar Sicar told ET that henceforth “the Centre will bear 40% of the project cost for infrastructure development of clusters, which will be provided by it as outright grant”. So far, central assistance has been available for technology upgradation, common facility centres, market development and all programmes relating to skill development and capacity building.