The scheme was legitimate until 2019-20 and was discontinued thereafter.
President of PHD Chamber of Commerce and Industry (PHDCCI) Saket Dalmia took up the problem in a letter to Union Minister for Micro Small and Medium Enterprises Narayan Rane final week.
Industry physique PHDCCI has approached the federal government searching for reintroduction of the Credit Linked Capital Subsidy Scheme to facilitate know-how upgradation of micro and small enterprises.
The scheme supplied an upfront capital subsidy of 15 per cent topic to a most quantity of Rs 15 lakh on institutional finance availed by the enterprises for induction of well-established and improved know-how within the specified 51 sub-sectors/merchandise. It was legitimate until 2019-20 and was discontinued thereafter.
President of PHD Chamber of Commerce and Industry (PHDCCI) Saket Dalmia took up the problem in a letter to Union Minister for Micro Small and Medium Enterprises Narayan Rane final week.
“We have been receiving suggestions from our MSME members requesting us to take up the problem with the federal government for revival and reintroduction of the scheme as MSMEs nonetheless want this sort of monetary assist. We, subsequently, earnestly request your good self to kindly look into this matter and provoke vital measures for reintroduction of Credit Linked Capital Subsidy Scheme (CLCSS) for know-how upgradation in MSMEs,” Dalmia stated.
He argued that technology upgradation in MSMEs is highly desirable to improve efficiency and scale up their production capacities to achieve only global competitiveness but also for import substitution particularly in sectors like defence, railways, electronics and communications, pharmaceuticals, among others.
“In this regard, the previous CLCSS scheme was proving to be very helpful for growth of MSMEs,” the chamber’s president stated within the letter to the minister.
Major goal of CLCSS was to improve plant and equipment with state-of-the-art know-how, with or with out enlargement and in addition for brand new MSEs which have been organising their amenities with applicable and confirmed know-how duly permitted underneath the scheme pointers.
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