Credit Linked Capital Subsidy Scheme(CLCSS)
Credit Linked Capital Subsidy Scheme is also known as Credit Linked Capital Subsidy for Technology Upgradation Scheme
A large percentage of Micro & Small Enterprises (MSEs) continue with outdated technology and plant & machinery. Due to insufficient investment and lack of awareness of both the quality standards and access to modern technologies, With increasing competition due to liberalization of the economy, the survival and growth of the MSMEs are critically dependent on their modernization and technological up-gradation. Up-gradation of both the process of manufacture and corresponding plant and machinery is necessary for the small enterprises
to reduce the cost of production and remain price competitive at a time when cheaper products are easily available in the global market.
- Existing MSEs Udyog Aadhaar, who upgrade their existing Plant and Machinery with state-of-the-art technology, with or without expansion,
- New MSEs with Udyog Aadhaar, which have set up their facilities only with appropriate eligible and proven technology duly approved by the Governing Technology Approval Board (GTAB), or Technical Sub Committee (TSC) of the CLCSS.
- The units may be sole Proprietorship, Partnerships, Co-operative Societies, Private and Public limited companies in the MSE sector.
- Priority is given to women entrepreneurs.
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