SME Times News Bureau | 19 May, 2012
Around three hundred micro and small enterprises (MSEs) from the drugs and pharmaceuticals sector have availed subsidy of about Rs. 19.76 crore since under the Credit Linked Capital Subsidy Scheme (CLCSS), Chemicals and Fertilisers Srikant Kumar Jena said Friday.
"Under this scheme, 294 drugs and pharmaceuticals micro and small enterprises have availed subsidy of about Rs. 19.76 crore since inception of the CLCSS up to March," Jena said in a written reply in the Rajya Sabha.
Ministry of Micro, Small and Medium Enterprises (MSME) is implementing the scheme to provide incentives to micro and small enterprises for technology upgradation for approved 48 sub-sectors including drugs & pharmaceuticals.
Under CLCSS, 15% capital subsidy is provided up to a loan of Rs. 1.00 crore as per the guidelines of the Scheme.
Technologies required for Schedule M compliance and National/International standards in the drugs and pharmaceuticals sub-sector were added to the list of eligible technologies under the Scheme on July 13, 2009.
