Credit Linked Capital Subsidy Scheme for Technology Upgradation

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Description:-

The objective of the Scheme is to facilitate technology up-gradation in MSEs by providing an

upfront capital subsidy of 15 per cent (on institutional finance of upto Rs 1 crore availed by
them) for induction of well-established and improved technology in the specified 51 sub-
sectors/products approved. In other words the major objective is to upgrade their plant &
machinery with state-of-the-art technology, with or without expansion and also for new MSEs
which have set up their facilities with appropriate eligible and proven technology duly approved
under scheme guidelines. List of Technologies is available at www.dcmsme.gov.in.

The Scheme is a demand driven one without any upper limit on overall annual spending on
the subsidy disbursal.

Nature of assistance:

The revised scheme aims at facilitating technology up-gradation by providing 15% up front
capital subsidy to MSEs, including tiny, khadi, village and coir industrial units, on institutional
finance availed by them for induction of well-established and improved technologies in specified
sub-sectors/products approved under the scheme.

Who can be benefitted:

Micro and Small Enterprises (MSEs) having a valid UAM number.

How to apply:

Online Application and Tracking System has been introduced w.e.f. 01.10.2013. To claim
subsidy under CLCSS, eligible MSEs are required to apply online through Primary Lending
Institutions (PLIs), from where the MSEs avail term loan. The completed application is being
uploaded by the PLI through Online Application and Tracking System to the attached Nodal
Agency which, in turn, recommends the application online to Office of DC (MSME) for release
of subsidy. After processing of application and subject to availability of funds, due approval is
accorded from the Competent Authority with concurrence of Internal Finance Wing, after which
funds are released to Nodal Agencies. Funds are then transferred by the Nodal Agencies to the
PLIs where the account of the MSE is operated.

Status of Scheme:

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At present the Scheme is under revision and will be launched soon after obtaining the necessary
approvals.

Description: Technology up-gradation with new machinery for improving quality, productivity,
environment including in-house testing and online QC facilities

Nature of assistance: 15% up-front capital subsidy to MSEs on institutional in specified

sub-sectors

Who can apply: Any MSE. Priority to woman entrepreneurs

How to apply: Scheduled commercial, cooperative bank [co-opted by SIDBI].

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