Why Nirmala Sitharaman advised Arunachal Pradesh government to adopt cluster development approach?
Reportedly Union Finance minister Nirmala Sitharaman on tuesday advised the Arunachal Pradesh government to adopt the cluster development approach as a key strategy for enhancing productivity and competitiveness as well as capacity building of micro and small enterprises (MSEs) in the state.When addressing a credit outreach program organized by the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">state bank of india here, she said that Arunachal Pradesh does not have even a single cluster announced by the MSME ministry till date. She said "I request chief minister Pema Khandu to take up cluster development approach of the 20 GI-identified products in the state. In small places such clusters could be declared by the ministry and Small Industrial Development bank of india (SIDBI) could be roped in to finance such enterprises”.Moreover Sitharaman said in Arunachal Pradesh, small industry development and enterprises related to agri and allied sectors could be taken up and credit outreach program is a beautiful platform through which schemes like PM SVANidhi, Stand-up india, Kisan Credit Card, PM MUDRA, NRLM-SHG, PM surya Ghar and PMEGP, could be taken up.Furthermore the minister also handed over sanction letters from banks to beneficiaries under various central government schemes during the event and disbursed loan amount worth Rs 14.41 crore to 160 beneficiaries under various schemes. Sitharam later went to Namsai where she would participate in another credit outreach program and will inaugurate an sbi regional office.