SME Times News Bureau | 07 Aug, 2015
The government is providing a 15 percent capital subsidy to micro, small
and medium enterprises (MSME) on loans upto Rs.1 crore to acquire
modern technology, parliament was told on Thursday.
"Many MSME
units are using outdated and conventional technologies because of lack
of sufficient finance, lack of access to modern technology, absence of
in-house research & development and others," MSME Minister Kalraj
Mishra told the Rajya Sabha in a written reply.
He said his
ministry is implementing a Credit Linked Capital Subsidy Scheme under
which MSME units enjoy a 15 percent capital subsidy on a loan upto Rs.1
crore to acquire modern technology.
"There is urgent need to develop appropriate technologies for various manufacturing processes to bring down cost," he said.
Mishra
said a National Manufacturing Competitiveness Programme has also been
launched to encourage MSMEs in the country to upgrade their technology,
while the ministry has established 18 Technology Centres to provide
technological support.
CLCSS Subsidy Ashok Surelia | Fri Aug 14 05:55:08 2015
What is new in this ? The CLCSS scheme is in vogue since many years. We got the subsidy in 2010. Is the Hon. Minister trying to claim credit for it ?
