Accounts
Cards
Loans
Deposit
Accounts
MSME
Corporate
Merchant Acquiring Business
Govt. Deposit Schemes
Mutual Funds
Insurance
Accounts
Loans
Invest with us
Insure with us
Remit Money
Ancillary Services
Forms and FAQs
Agri Products
Financial Inclusion
Ancillary Services
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.
Objective
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.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
PRODUCTS YOU MAY LIKE
PM VISHWAKARMA
Collateral free ‘Enterprise Development Loans’ to artisans and craftspeople upto Rs.3 lakh in two tranches, at a concessional rate of interest fixed at 5%, with Government of India subvention to the extent of 8%.
Learn More
PMMY/Pradhan Mantri Mudra Yojana
For setting up of new/upgrading existing Micro business enterprises in the manufacturing, processing, trading and service sector and carrying out activities allied to agriculture, financing to weavers and artisans (income generating activity).
Learn More
PMEGP
To generate employment opportunities in rural as well as urban areas through setting up of new self-employment ventures/projects/micro enterprises.
Learn More
SCLCSS
This scheme is applicable for SC/ST Micro and Small Units for the purchase of plant & machinery and equipment for term loan from the prime lending institution.
Learn More
Star Weaver Mudra Scheme
The Handloom Scheme aims at providing adequate and timely assistance from the Bank to the weavers to meet their credit requirement i.e. for investment needs as well as for working capital in a flexible and cost effective manner. The Scheme will be implemented both in rural and urban areas.
Learn More
