The Ministry of Micro, Small and Medium Enterprises (M/o MSME) has launched a subsidy scheme which is named as Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS) for Micro and Small Enterprises (MSEs).
The Scheme aims at helping technology up-gradation by providing upfront Capital Subsidy to SSI units, including tiny units, khadi units, village units and coir industrial units to modernize their production process and activity.
Rate of Subsidy
The subsidy rate is 15% of the investment in eligible machinery (on institutional finance of up to Rs.1 Crore, availed by them) with maximum Subsidy of Rs.15 Lakhs.
The Capital Subsidy of 15% rate in eligible plant and machinery under the scheme shall be available only for projects, where term loan is sanctioned.
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