Description

A Cluster Development Program (CDP) aims to leverage the geographic concentration of businesses, typically within a specific industry or sector, to foster economic growth and development. These programs often focus on improving infrastructure, technology, and market access for businesses within the cluster. Fund From 25 lakhs to 50cr(Equity) Here's a more detailed look at Cluster Development Programs: Key Features: Geographic Focus: CDPs are designed to work within specific geographical areas where similar businesses are located. Industry/Sector Specialization: The clusters often focus on a specific industry or sector, such as horticulture or micro and small enterprises. Integrated Development: CDPs aim to improve all aspects of the value chain, from pre-production to marketing. Common Facility Centers (CFCs): One common aspect of CDPs is the establishment of CFCs to provide shared resources and services like testing, training, and technology upgrades. Market Access: CDPs help businesses within the cluster to improve their market access and competitiveness. Capacity Building: These programs often include capacity building initiatives to improve skills and knowledge within the cluster. Financial Assistance: Various governments, including the Ministry of MSME, offer financial assistance to support cluster development initiatives. Examples of Cluster Development Programs: National Horticulture Board's Cluster Development Program (CDP): This program focuses on the integrated development of horticulture clusters, from pre-production to marketing. Micro and Small Enterprises – Cluster Development Program (MSE-CDP): This program, run by the Ministry of MSME, aims to improve the competitiveness and productivity of micro and small enterprises through cluster development. Scheme of Fund for Regeneration of Traditional Industries (SFURTI): This scheme also focuses on traditional industries and aims to develop clusters in these sectors.