The Ministry of Micro, Small and Medium Enterprises (MoMSME) has launched a subsidy scheme which is named as Credit Linked Capital Subsidy Scheme (CLCSS) for technology up-gradation of Micro and Small Enterprises (MSE’s). The primary focus of this scheme is to provide growth and development of Small Scale Industries (SSI) in rural and urban areas.
Large percentage of SSI units still works with out-dated technology and plant and machinery. The Scheme aims at helping technology up-gradation by providing upfront capital subsidy to SSI units, including tiny units, khaadi units, village units and coir industrial units. The capital subsidy is provided to SSIs for the modernization of their production equipment (plant and machinery) and techniques.