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Govt Schemes and Incentives
 
Credit Linked Capital Subsidy Scheme (CLCSS)

The Scheme was launched in October, 2000 and revised w.e.f. 29.09.2005. The revised scheme aims at facilitating Technology Upgradation of Micro and Small Enterprises by providing 15% capital subsidy (12% prior to 2005) on institutional finance availed by them for induction of well established and improved technology in approved sub-sectors/products. The admissible capital subsidy under the revised scheme is calculated with reference to purchase price of Plant and Machinery. Maximum limit of eligible loan for calculation of subsidy under the revised scheme is also been raised Rs. 40 lakhs to Rs. 1 crore w.e.f. 29-09.2005.



Eligibility Criteria:

Purchase of machinery after October 2012
MSME registered unit with investment in Plant & Machinery is less than Rs 5 Crores prior to the purchase of the machinery
Availed Term loan for purchase of the machinery thru Nationalized banks.
Your industry and the machinery are in accordance with the scheme table. 

Checklist of CLCSS:

Copy of SSI/ MSME Registration Certificate. 
Copy of Term Loan Sanction Letter. 
Copy of Bank term loan statement of account showing release dates. 
Copy of the machinery invoice(s) with the bill of entry (Imports).
Audited Balance sheet for the last three years prior to Loan sanctions.
Company letterhead – 6 numbers.
Stamp Paper – Rs. 200/- in the name of the unit.
Owner Details: Name of Proprietor/ Partners/ Directors of Company.
Full Name/ Age/ Contact Details/ Email Ids/ Web Site/ Factory address
Date of installation of each machine and date put to commercial use. Increase in Capacity after installation of machinery – monthly – PL sales etc.
Copy of project Report submitted to the Bank
   
  To know more details, click here.
 
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