Credit Linked Capital Subsidy Scheme
On 19th November, 2021, the Ministry of Micro, Small and Medium Enterprises (MSMEs) launched the Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector.
Under the scheme, there is a provision of 25% capital subsidy for procurement of plant and machinery and service equipment.
Subsidy is to be given via institutional credit to the SC/ST micro and small enterprises (MSEs) without any sector specific restrictions on technology degradation.
Impact
- Meeting the Technology Related Requirements: The scheme will help in meeting the technology related requirements of enterprises in the services sector.
- Promoting Innovations: It will also promote the innovation, digital empowerment and ....
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