To facilitate technology to MSEs through institutional finance for induction of well established and proven technologies in the specific sub-sector/products.
1.Any Micro and Small Enterprise (MSE) availing institutional credit to buy new Plant & Machinery approved under the scheme.
2. Special Benefits- In case of SC/ST, Women, NER / Hill States / Aspirational Districts /LEW Districts, the subsidy shall be admissible for investment in acquisition /replacement of Plant & Machinery /equipments & Technolog up-gradation of any kind (Core plant & Machinery). Second hand & fabricated will not be eligible
Nature of Assistance
Upfront subsidy of 15% on institutional Credit upto Rs. 1.0 Crore (i.e. subsidy cap of Rs. 15.00 lakh) for identified sectors/ subsectors/ technologies
How to Apply
Applicant meeting the eligibility criteria may approach to loan lending bank branch / PLI, on behalf of applicant the lending bank branch will examine & apply for subsidy claim through a dedicated online application & tracking management System (MIS), the application will reach to the Ministry through 11 nodal Banks / Agencies. These are SIDBI, NABARD, SBI, BoB, PNB, BOI, TIICL, Andhra Bank, Corporation Bank, Canara Bank and Indian Bank.
Loan lending bank branch or Nodal Banks /Agency under the scheme and MSME-Development Institutes under Office of Development Commissioner.
CLCS Scheme and Guidlines
|| Revised guidelines in regard to Credit Linked Capital Subsidy component under
CLCS- TU Scheme