|Ministry||Ministry of Micro, Small and Medium Enterprises (MSME)|
|Related Scheme||Credit Linked Capital Subsidy for Technology Upgradation (CLCSS)|
|Description||The scheme facilitates technology to MSEs through institutional finance for induction of well established and proven technologies in the specific and approved 51 sub-sector/products. Both upgradation projects (with or without expansion) and new projects are 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.
However, to be considered as eligible, for special benefits there is no restriction for identified sectors.
Important – At present, the Scheme is under revision and will be launched soon after obtaining the necessary approvals.
|Who can apply?||Any Micro and Small Enterprise (MSE) having valid Udyam Registration and availing institutional credit to buy new Plant & Machinery approved under the scheme.
Special Benefits are applicable in case of SC/ST, Women, NER / Hill States / Aspirational Districts /LWE Districts. The subsidy shall be admissible for investment in acquisition
/replacement of Plant & Machinery /equipment’s & Technology up-gradation of any kind (Core plant & Machinery). Second hand & fabricated will not be eligible
|How to apply?||Applicant meeting the eligibility criteria should 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 nodal Banks / Agencies. These are SIDBI, NABARD, SBI, BoB, Andhra Bank (Merged with UBI) and Corporation Bank (Merged with UBI).|
|Whom to contact||Lending bank branch or Nodal Banks /Agency under the scheme
MSME-Development Institutes under Office of Development Commissioner.(details at annexure).
|Download Scheme guidelines|