SRINAGAR — Jammu and Kashmir tops geotagging of Cluster Development Projects (CDPs) in the country, implemented by the Union Ministry of Micro, Small and Medium Enterprises (MSME).
This achievement of Jammu and Kashmir will result in faster approval of projects, timely release of funds from the Central government, which will result in faster growth of MSMEs across J&K.
Union Ministry of Micro, Small and Medium Enterprises is implementing Cluster Development Projects in the country including J&K through which the Central government’s grant of up to 80% is applicable for common facility centre projects and 70% for the development of Industrial Estates.
J&K has received 10 projects from the Ministry of MSME for the development of Industrial Estates and Common Facility Centers (CFCs). MSME-DFO Jammu, field office of the Union Ministry of MSME, takes a lead role in the implementation of various schemes including Cluster Development projects for the benefit of the MSME sector of the region.
The total project value of CFC’s and ID’s in J&K is Rs. 90.73 crore approximately. Recently, the Union Ministry called for geotagging all the projects under MSE-CDP for all states including J&K. An app was also developed by Ministry, used for tracking the performance, including completion, percentage of completion of the projects sanctioned under MSE-CDP, which is monitored online based on the photographs taken through the app.
In Jammu and Kashmir, two teams were appointed for Jammu and Kashmir divisions for completing this task. The teams worked with full spirit and completed the geotagging of all the projects, completed and ongoing across J&K.