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of <h1>India Launches Mega Leather Cluster Scheme: Rs. 600 Crore for Infrastructure, 70% Funding, 40+ Acre Clusters Required.</h1> The Central Government of India has introduced the Mega Leather Cluster (MLC) sub-scheme under the Indian Leather Development Programme, allocating Rs. 600 crore for implementation during the 11th and 12th Plan periods. This scheme aims to support industrial clusters with high growth potential by providing world-class infrastructure. The government will fund up to 70% of the project costs, excluding land, with a maximum grant of Rs. 125 crore per cluster. Clusters must cover at least 40 acres. Entrepreneurs must form a Special Purpose Vehicle (SPV) to manage the project, contributing 30% of the cost. The scheme is open nationwide, and proposals can be submitted for approval.
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