Why is it in the news?
The government provided updates on MSE-CDP in Parliament.
The scheme focuses on improving MSME competitiveness.
Category: Economy
Important Points:
● It is a Central Sector Scheme
● Implemented by Ministry of MSME
● Aims to enhance productivity and competitiveness of MSEs
● Uses cluster-based development approach
● Supports Common Facility Centres and infrastructure projects
● Promotes technology upgradation and skill development
● Encourages formation of self-help groups and associations
● Supports green and sustainable manufacturing
● Provides financial and technical assistance