Government has approved revised guidelines for of the

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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 15th Finance Commission cycle – FY22-FY26. Under the new guidelines, the central government grant will be restricted to 70 per cent of the cost of common facility centre (CFC) project from Rs 5 crore to Rs 10 crore and 60 per cent of the cost of project from Rs 10 crore to Rs 30 crore. In case of north-east (NE) and hill states, island territories, aspirational Districts, government grant will be 80 per cent of the cost of project from Rs 5 crore to Rs 10 crore and 70 per cent of the cost of project from Rs 10 crore to Rs 30 crore. The guidelines noted that government grant will be restricted to 60 per cent of the cost of project from Rs 5 crore to Rs 15 crore for the setting up of new industrial estate/flatted factory complex.