Credit Linked Capital Subsidy Scheme For MSMEs

CREDIT LINKED CAPITAL SUBSIDY SCHEME

 FAQs On CLCSS Scheme (Credit Linked Capital Subsidy Scheme) For MSMEs

Q.1 What is CLCSS? 

Ans. Credit Linked Capital Subsidy Scheme (CLCSS) is for innovation upgradation of Micro and Small undertakings (MSEs) in the country. 

Q.2 Whether the CLCSS is in activity as of now? 

Ans. No Sir. According to this office O.M. dated 19.10.2015, the CLCS Scheme was as of now in activity upto 31.03.2017, no application will be acknowledged in online application and global positioning framework past 31st March, 2017. The choice on continuation of the CLCS plot past 31st March 2017 will be imparted to the nodal banks/offices, when the endorsement of the Competent Authority in such manner is acquired. 

Q.3 When CLCSS was dispatched? 

Ans. The Scheme was dispatched in the monetary year 2000-2001. 

Q.4 What were the notable highlights of the CLCSS? 

Ans. Under the plan, a 15% capital endowment, restricted to a limit of Rs 15 lakh is given to the qualified MSEs to overhaul their innovation with the grounded and improved innovation as endorsed under the plan. 

Q.5 What number of items/sub-areas have been endorsed under the CLCSS ? 

Ans. 51 items/sub-areas have been endorsed under the CLCSS till date. 

Q.6 How would I be able to get advantage under the Scheme? 

Ans. In the event that you are a MSE fabricating an item and need to overhaul the innovation of assembling the item with the grounded and improved innovation as affirmed under the Scheme, the unit can way to deal with the nodal Banks/Agencies/Eligible monetary foundation for approval of term advance for acquisition of qualified apparatus. The monetary foundations/nodal banks/office will authorize and prescribe the sponsorship qualified candidate to this office. To find out about this plan, kindly follow the link http://www.my.msme.gov.in/MyMsme/Reg/COM_ClcssAppForm.aspx

Q.7 Which are the Nodal Agencies for execution of CLCSS ? 

Ans. Little Industries Development Bank of India(SIDBI), National Bank for Agriculture and Rural Development(NABARD), Canara Bank, Bank of Baroda, Bank of India, The Tamilnadu Industrial Investment Corporation Limited, Chennai (TIICL), Andhra Bank, State Bank of India, Punjab National Bank, Corporation Bank and Indian Bank are the nodal Bank/Agencies for execution of the CLCSS. Contact subtleties for Nodal Banks/Agencies are accessible on the authority site of this office interface for example http://www.dcmsme.gov.in/plans/Credit_link_Scheme.htm.

Q.8. Regardless of whether the Scheme is material for new MSMEs ? 

Ans. Yes.

Q.9. Is CLCSS material for medium and enormous scope Enterprises ? 

Ans. No, till date just Micro and Small Scale Enterprises (MSEs)(existing and new) are qualified under CLCSS. Q10. What new advances will have been taken by the Ministry for successful execution of CLCSS. Ans. The board Information System (MIS) is being created for online accommodation of utilization. 

Q.11 Is there any site where I can get more subtleties of the CLCSS? 

Ans. Yes, “www.dcmsme.gov.in” under Technology Up-degree – CLCSS. 

Q12. What is the component for dispensing of appropriation to the unit? 

Ans. Appropriation is being delivered to the concerned Nodal bank/organization and sponsorship is to be kept as Term Deposit Receipt (TDR) for a very long time by bank after discharge by Office of DC (MSME) in the concerned unit record and premium sum on the term advance ought to be decreased as needs be. The recipient unit will stay in business creation for a time of at any rate three years after establishment of qualified plant and hardware on which sponsorship under CLCSS has been profited. 

In the event that the unit satisfies the condition, the TDR will be moved to the unit’s record following three years. Further, it is to explain that there are two distinct conditions one is about the business creation for a time of in any event three years after establishment of the qualified plant hardware on which sponsorship under CLCSS has been profited and another is that Subsidy is to be kept as TDR for a very long time. These two conditions and different conditions specified in the surviving rules are to be satisfied by the recipient/PLIs before arrival of appropriation in the recipient’s record. 

Q.13. Is there any site where I can get more subtleties of the CLCSS? 

Ans. Indeed., the Site is www.dcmsme.gov.in under the tab ‘Innovation Upgradation’.

 

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