Virtual Clusters Would Contribute Growth Of MSMEs | SupportBiz

News

Virtual Clusters Would Contribute Growth Of MSMEs

 
Virtual Clusters, an initiative of the Ministry of Micro, Small and Medium Enterprises, would help MSME in growth.

Virtual Clusters, an initiative of the Ministry of Micro, Small and Medium Enterprises, was launched by the Minister of MSME, Shri K. H. Muniyappa, during the presentation Ceremony of National Awards to Micro, Small and Medium Enterprises in New Delhi, on Saturday

Conceived as supplementing Physical Clusters, Virtual Clusters is a dedicated web-portal which will enable small businesses located anywhere in the country and the other stakeholders like banks, other financial institutions, various Government bodies, NGOs, industry experts, consultants and trainers, academia, research & technical institutions etc. to come together.

This will facilitate the stakeholders to leverage the expertise of each other to their mutual growth and benefit.

Sh. Madhav Lal, Secretary (MSME), speaking on the occasion, said that Virtual Clusters would allow small businesses belonging to different sectors to co-exist with their fellow enterprises on the web-portal and enable them to capitalize on the benefits of networking. This would contribute towards further growth of MSME Sector.

The web-portal will be administered by The National Institute for Entrepreneurship and Small Business Development (NIESBUD), an organization under the Ministry of MSME.