credit-linked-capital-subsidy-scheme-for-technology-upgradation

 

Credit Linked Capital Subsidy Scheme for Technology Upgradation



 

Objective

  • To facilitate technology up-gradation in MSEs by providing an upfront capital subsidy of 15 per cent (on institutional finance of upto Rs 1 crore availed by them) for induction of well-established and improved technology in the specified 51 sub-sectors/products approved. 
  • In other words the major objective is to upgrade their plant & machinery with state-of-the-art technology, with or without expansion and also for new MSEs which have set up their facilities with appropriate eligible and proven technology duly approved under scheme guidelines.  
  • The Scheme is a demand driven one without any upper limit on overall annual spending on the subsidy disbursal.
 

Nature of assistance

  • The revised scheme aims at facilitating technology up-gradation by providing 15% up front capital subsidy to MSEs, including tiny, khadi, village and coir industrial units, on institutional finance availed by them for induction of well established and improved technologies in specified sub-sectors/products approved under the scheme.

Who can apply?

Micro and Small Enterprises (MSEs) having a valid UAM number.