Kolkata, May 7 -- The Finance department of the Government of West Bengal has released Rs 32.50 crore for the financial year 2024-25 to facilitate the smooth implementation of infrastructure projects under the SIDBI Cluster Development Fund (SCDF).
This disbursement constitutes 25 per cent of the annual budgetary allocation for SIDBI-SCDF projects, which come under the purview of the state's Micro, Small and Medium Enterprises and Textile (MSME&T) department.
According to an official from the MSME department, these funds will be utilised for establishing Common Facility Centers (CFCs) for new clusters across the state, as well as for the development of industrial parks.
The state government is responsible for creating foundational...