India, Jan. 31 -- In an effort to fuel India's small businesses, the Centre has unveiled Micro and Small Enterprises-Cluster Development Programme (MSE-CDP) to develop business clusters across the country, the Economic Survey 2024-25 said.

This programme will provide a common facility centre which will act as a channel to address common issues such as technology development, skills, quality, among others, for MSEs, the survey said.

It further highlighted that the micro, small and medium enterprises (MSME) has emerged as a highly vibrant sector of the Indian economy.

Betting on the potential of MSMEs, the government also introduced the Self-Reliant India (SRI) Fund in 2020, with a corpus of INR 50,000 Cr, to provide equity funding for M...