Notification regarding Mega Leather Cluster Scheme dated 20-03-2012

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..... ntral Government has approved a sub-scheme titled Mega Leather Cluster with an allocation of ₹ 600 crore (Rupees six hundred crore) under Indian Leather Development Programme (ILDP) for implementation during the remaining period of 11th Plan and 12th Plan period. The Mega Leather Cluster (MLC) subscheme will replace the erstwhile scheme of Leather Parks under Indian Leather Development P .....

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..... uster which is as under:- (a) MLC of 4060 acres land Gol assistance limited to ₹ 50 crore; (b) MLC of 61100 acres land- Gol assistance limited to ₹ 70 crore; (c) MLC of 101150 acres land- Gol assistance limited to ₹ 105 crore; (d) MLC of more than 151 acres land- Gol assistance limited to ₹ 125 crore. 4. A Special Purpose Vehicle (SPV) will have to be set up .....

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..... ss than 25% of equity of SPV to ensure widely spread ownership and to preclude domination. 5. The Government will engage the services of a professional agency as PMC, which has proven experience in developing, financing appraising and executing industrial cluster infrastructure in the implementation of the scheme, right from the stage of approval of DPR to commissioning of the project. 6. .....

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