The scheme aims at facilitating technology upgradation in MSEs with state-of-the-art technology, with or without expansion and also for new MSEs which have set up their facilities by providing an upfront capital subsidy of 15 per cent (on institutional finance of up to INR 1 crore availed by them).
Induction of established and improved technologies.
15% Subsidy on institutional credit up to INR 1.00 crore with a subsidy cap of INR 15.00 lakh.
SCHEME APPLICABLE FOR
Existing Entrepreneurs and Aspiring Entrepreneurs.
The objective of CLCS component of CLC-TUS is to facilitate technology to MSEs through institutional finance for induction well established and proven technologies in the specific sub-sector/products approved under the scheme -
(i) Upfront subsidy of 15% on institutional credit up to INR 1.0 crore (i.e. a subsidy cap of INR 15.00 lakh) for identified sectors/subsectors/ technologies.
(ii) In order to ensure fair inclusion of SC/ST category, women entrepreneurs and entrepreneurs from NER, Hill States (Jammu & Kashmir, Himachal Pradesh & Uttarakhand), Island Territories (Andaman & Nicobar and Lakshadweep) and the identifies Aspirational Districts/ LWE Districts, the subsidy has been proposed to be admissible also for investment in acquisition/ replacement of plant & machinery/equipment & technology up-gradation of any kind.
HOW TO APPLY
As per Scheme guidelines - Through Prime lending Institution / Nodal Banks.
Credit Linked Capital Subsidy Component (CLCS & TU Scheme)