To facilitate Technology Upgradation of Tiny and SSI units in the specified products/sub-sectors as notified by Govt. of India by providing 15% capital subsidy for induction of proven technologies approved under the scheme.
Maximum eligible loan under the scheme is Rs. 1/- crore.
Rate of Subsidy
15% or Rs. 15/- Lacs, whichever is lower (Subsidy is calculated with reference to the purchase price of eligible Plant and Machinery approved under the scheme)
The Scheme is in operation for the period upto 31.3.2012.
- Eligible units must apply for subsidy support at the time of loan application itself.
- Term Loans sactioned under the CLCSS scheme are only eligible for subsidy.
- Claims are to be reached in the Ministry as per the time-frame stipulated by them. That is, within the next quarter of last loan disbursement (Reference date).