Development of Msmes Through Cluster Development Programme (Cdp) In India

Abstract

The Micro, Small and Medium enterprises (MSMEs) have often been termed as ‘engine of growth’ for all developing economies including India. It plays a crucial role in equitable development of India. It is estimated that the MSMEs account for almost 90 per cent of the industrial units in India and 40 per cent of value addition in the manufacturing sector. It is increasingly recognized that the MSMEs play an important role in employment creation and income generation in the Asian Region. The Ministry of MSMEs has adopted the MSME Cluster Development Programme with the objective of enhancing the productivity, competitiveness, collectiveness and capacity building of micro and small enterprise in the country. In this paper an attempt has been made to study the role of MSMEs in Indian economy and also to analysis the initiative undertaken by Cluster Development Programme for MSME development