Government to continue credit linked capital subsidy scheme

New Delhi, Feb 13 (IANS) The Central government will continue the “Credit Linked Capital Subsidy and Technology Upgradation Scheme” for micro, small, and medium enterprises (MSMEs) beyond the 12th Plan period for three years from 2017-18 to 2019-20.

The Cabinet Committee on Economic Affairs on Wednesday approved the continuation of the scheme with a total outlay of Rs 2,900 crore.

“This scheme aims at improving the competitiveness of MSMEs by integrating various ongoing schematic interventions aimed at upgrading technology through Credit Linked Capital Subsidy (CLCS), hand holding for zero defect zero effect manufacturing (ZED), increasing productivity through waste reduction (Lean), design intervention (Design), cloud computing (Digital MSMEs),facilitation of intellectual property (IPR) and nurturing new ideas (Incubation),” an official statement said.



(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
(For more latest news and updates Like us on Facebook, Follow us on Twitter. Download our mobile app )

You May Like

Latest Update