MSE-CDP: Govt approves revised guidelines of cluster development scheme to boost small businesses’

Ease of Doing Business for MSM Es: The government has approved revised guidelines of its key scheme for cluster development – Micro and Small Enterprises-Cluster Development Programme (MSE-CDP) to be implemented during the 15thFinance Commission cycle – FY22-FY26. In an office memorandum, the Office of the MSME Development Commissioner said various consultations with MSME-Development Institute, Special Purpose Vehicle, and state governments suggested to bring simplification in the scheme guidelines so as to reduce layers of various processes and reduce the time required for approval of the projects and which can help in better execution.“Impact of Covid-19 pandemic on MSME sector and various initiatives of the government such as Atma Nirbhar Bharat Abhiyan, Vocal for local to Global and Zero effect to Zero defect to boost indigenous manufacturing and industry has started a new interest in this scheme,” the memorandum said on Friday.

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