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Credit Linked Capital Subsidy and Technology Up-gradation Scheme

  • 14 Feb 2019
  • 2 min read
  • The Cabinet Committee on Economic Affairs (CCEA) has approved the continuation of the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) for the year 2017-18 to 2019-20.

About CLCS-TUS

  • This scheme aims at improving the competitiveness of MSMEs by integrating various ongoing schematic interventions aimed at up-grading technology through the Credit Linked Capital Subsidy (CLCS),
  • Special provisions have been made in this scheme to promote entrepreneurship for SC/STs, women, North Eastern Region, Hill States, Island Territories (Andaman & Nicobar and Lakshadweep) and the Aspirational Districts/ Left Wing Extremism (LWE) Districts.
  • The subsidy will be given for investment in acquisition/replacement of plant & machinery/equipment & technology up-gradation of any kind.
  • In addition, the scheme through Zero Defect & Zero Effect, component will promote the reduction in emission level of greenhouse gases and improve the competitiveness through the reduction in defect/wastage during the manufacturing process of the products.
  • It will also promote the innovation, digital empowerment of MSMEs, design interventions and support the protection of intellectual property of MSMEs.
  • The scheme will facilitate technology up-gradation to MSEs, improvement in Quality of products by MSMEs, enhancement in productivity, reduction in waste and shall promote a culture of continuous improvement.
  • The Credit Linked Capital Subsidy Scheme (CLCSS) for Technology Upgradation of SSI was launched by the Government of India during 2000-01.
  • Along with Small Industries Development Bank of India (SIDBI) and the National Bank for Agriculture and Rural Development (NABARD), there are 12 Nodal Banks/Agencies under CLCSS for the implementation of this scheme.
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