Option 1 states that industrial clusters play an important role for MSME participants in terms of inclusiveness, technology absorption, and efficiency improvement. This is correct because industrial clusters bring together small and medium-sized enterprises (MSMEs) in a specific geographic area, allowing them to share resources, collaborate, and benefit from economies of scale. This leads to inclusiveness by providing opportunities for smaller businesses to thrive and grow. Additionally, industrial clusters facilitate technology absorption as participants can learn from each other and adopt new technologies. Lastly, by pooling resources and expertise, industrial clusters help improve the overall efficiency of MSME participants.
Option 2 states that industrial clusters are visible in traditional handloom, handicrafts, and modern SMEs. This is also correct because India has a rich tradition of handloom and handicrafts, and there are several industrial clusters dedicated to these industries. Additionally, industrial clusters are not limited to traditional sectors but also encompass modern SMEs in various sectors.
Option 3 states that industrial cluster programs in India are administered by various ministries. This is true because the development of industrial clusters in India falls under the purview of different ministries such as the Ministry of Micro, Small and Medium Enterprises (MSME), Ministry of Commerce and Industry, and Ministry of Textiles,