Credit Linked Capital Subsidy (CLCS) component of Credit Linked Capital Subsidy and Technology Up-gradation scheme (CLCS-TUS) for the period 01.04.2017 till 31.03.2020
The Central Government has decided to continue the Credit Linked Capital Subsidy (CLCS) component of Credit Linked Capital Subsidy and Technology Up-gradation scheme (CLCS-TUS) with effect from 01.04.2017 till 31.03.2020 or till the time sanctions if aggregate Capital Subsidy disbursed reaches to Rs. 2360 crore. (Approved Outlay), whichever is earlier.
The objective of CLCS component of CLC-TUS is to facilitate technology to MSEs through institutional finance for induction well established and proven technologies in the specific sub-sector/products approved under the scheme.
Upfront subsidy of 15% on institutional credit up to Rs. 1.00 crore (i.e. a subsidy cap of Rs. 15.00 lakh) for identified sectors / subsectors / technologies.
Flexibility for review of the identified technologies/subsector also exists.
Online Application and Tracking System already in place & amended in accordance to the revised provisions.
In order to ensure fair inclusion of SC/ST category, women entrepreneurs and entrepreneurs from NER, Hill States (Jammu & Kashmir, Himachal Pradesh & Uttarakhand) Island Territories (Andaman & Nicobar and Lakshadweep) and the identifies Aspirational Districts/L WE Districts, the subsidy has also been proposed to be admissible also for investment In acquisition/replacement of plant & machinery/equipment & technology up-gradation of any kind.