Sundaram Finance to create awareness on govt schemes like MSME Samadhaan

Sundaram Finance, a leading NBFC in the country, and MSME Development Institute in Chennai have joined hands to create awareness on government schemes such as MSME Samadhaan and Credit Linked Capital Subsidy Scheme(CLCSS).

The schemes were launched to resolve the delayed-payment challenge for micro and small industries and for their technology upgradation. Under MSME Samadhaan, a portal for delayed payment has been created for empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments.

CLCSS provides an upfront capital subsidy of 15 per cent (on institutional finance of upto Rs 1 crore availed by the