Credit linked capital subsidy scheme

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 October 2012 what is the procedure for claiming CLCSS subsidy? how can we apply for the subsidy? and what is the time frame for getting subsidy

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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03 October 2012 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. 100 lakhs w.e.f. 29-09.2005. The scheme has been continues 10th
five year plan to 11th five year plan.

further info:

http://www.msmediagra.gov.in/writereaddata/clcssdetails08.pdf

http://www.msmedildh.gov.in/Credit%20Link%20Capital%20Subsidy%20Scheme%20for%20Technology%20Upgradation.pdf

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Querist : Anonymous

Querist : Anonymous (Querist)

03 October 2012 dear sir, thank u for the information. but i would like to know how can i claim this subsidy ie what is the procedure for claiming this subsidy. how to initiate this process

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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03 October 2012 sir,
after fillup documents :

http://www.bankofbaroda.com/download/CLCSSBlankAgreement.pdf

for more information go to bank...