Consider the following statements about the Cluster Development Programme ndash 1 nb...........

Economic Affairs Small Scale Industries

Consider the following statements about the Cluster Development Programme –

1. It will help in improving quality of the product for the micro and small enterprises.

2. It aims at creating tangible assets like Common Facility Centers (CFC) getting access to latest tools for micro and small enterprises.

Which of the statement given above is / are correct?

1 only

2 only

Both 1 & 2

Neither 1 nor 2

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Explanation:

- Statement 1: Correct. The Cluster Development Programme aims to improve the quality, competitiveness, and marketability of products for micro and small enterprises (MSEs). By providing support for technology upgradation and skill development, it helps enhance product quality.

- Statement 2: Correct. The programme aims to create tangible assets such as Common Facility Centers (CFCs), which provide shared access to tools, equipment, and technology. This helps MSEs reduce costs and improve efficiency by accessing up-to-date resources and infrastructure.

- Answer: Option 3 (Both 1 & 2)

Both statements are correct as they accurately describe the objectives and initiatives of the Cluster Development Programme in supporting micro and small enterprises.