Cluster Development Programme

Cluster-based development for Micro, Small, and Medium Enterprises can potentially solve many challenges faced by these industries in India. Discuss.   (250 Words)

Approach:

• Introduce by highlighting the significance of MSMEs in India’s economy and employment generation
• Enumerate various challenges faced by MSME sectors
• Describe cluster-based approach and show how it can solve many challenges faced by MSMEs in an efficient manner
• Way Forward / Conclusion