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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 MSMEs: Core of India’s Global Growth Strategy
- 2 India Enhances Domestic Rare Earth Ecosystem
- 3 National Monetisation Pipeline 2.0 (NMP 2.0)
- 4 Municipal Bonds: A Path to Self-Reliant Cities
- 5 Centre Launches CBDC-based Digital Food Coupon Pilot in Gujarat
- 6 Strengthening Capital Goods Sector
- 7 NGT Clears Great Nicobar Island Mega-infrastructure Project
- 8 India Distributed Renewable Energy Summit 2026
- 9 Integrated Farming System For Small Farmers
- 10 India’s Rice Boom: Feeding the Nation or Fueling Future Risks
