Rs 1,000 cr to MSMEs to help face global competition

The Centre has earmarked Rs 1,000 crore under the National Manufacturing Competition Programme in the 11th Five-Year Plan to help micro, small and medium enterprises face global competition, Minister of State for MSMEs Dinsha J Patel said.

He was speaking after inaugurating the state's first Common Facility Centre (CFC) of Virudhunagar Match Consortium at Periavallikulam village in the district last evening.

He said six CFCs in the safety match cluster had been sanctioned under the Cluster Development Programme and would soon be set up at a cost of Rs 1.56 crore for each CFC. The Centre would contribute Rs 85.64 lakh for each project, he said.