CREDIT LINKED CAPITAL SUBSIDY SCHEME
|Credit Linked Capital Subsidy Scheme|
Enabling the latest technology may be a lack of finance. We cannot undertake funds from public financing. It should update the products and services provided technology with today’s tune.
Indian entrepreneur is suffering from lack of current technology, skilled manpower, lack of awareness among entrepreneurs on products, productions and production cost, lack of managerial skills and poor adaptability to change trade, trends. Productivity creates competitions by which the entrepreneur uses its skill human, capital and natural resources. The development of technology in the productive sector will be important to improve product quality and complete the competitions. Poor technology affects it’s all these things. India Govt. has well assessed these all things and trying to develop skilled human resources, current technology, production, and productivity so that Indian entrepreneurs may face the global meet. This is the reason, and keeping in mind, India’s Govt. has launched a scheme named Credit Linked Capital Subsidy.
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The MSME department of India Govt. has launched an up-front capital subsidy scheme for Micro, Small and Medium enterprises called Credit Linked Capital Subsidy to attract private capital. The name of the scheme directly shows its aims- SUBSIDY ON CAPITAL INVESTMENT FOR TECHNOLOGY UP-GRADATION WHICH IS LINKED WITH CREDIT. This scheme will facilitate subsidy @ 15% to the said enterprises for its technology up-gradation against loans disbursed by any financial institutions. The maximum amount of subsidy will be Rs. 15.00 lakhs. Actually, this scheme was launched in the year-2000. U. K. Sinha committee studied the Scheme. RBI also approved the recommendations and amendments. The MSME Minister Mr. Nitin Gadkari has announced to prepare a final report on U. K. Sinha’s recommendations and RBI suggestions as soon as possible.
MSME Minister Mr. Nitin Gadkari said that this revised scheme will play a vital role to increase the domestic products from 29 percent to 50 percent and also 40 percent to 50 percent of the export potentials.
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The cabinet committee on economic affairs held this February has approved a sum of Rs.2,900.00 crore for the scheme Credit Linked Capital Subsidy. it has approved this scheme only for 51 sectors/subsectors. The MSME Minister said that it has provided an extra 10 percent to SC/ST entrepreneurs covering under special provisions. He specially said that a committee formed will look at the delayed payments in the MSME secretary.
The MSME Minister said that the companies registered under companies act 2013 having ATO above 500 crores and central public sector enterprises will also come to this platform.
STATUS of Credit Linked Capital Subsidy Scheme
OBJECTIVES of the Credit Linked Capital Subsidy Scheme
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The MSME units including the Tiny industry, the Khadi industry, the COIR industry, and the Village industry can avail of this facility.
The facility is for specified 51 sub-sectors/products approved.
How to apply for the Credit Linked Capital Subsidy Scheme
List of Technologies and nodal agencies are available at www.dcmsme.gov.in