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Government to continue credit linked capital subsidy scheme

IANS  |  New Delhi 

The will continue the "Credit Linked Capital Subsidy and Technology Upgradation Scheme" for micro, small, and medium enterprises (MSMEs) beyond the 12th Plan period for three years from 2017-18 to 2019-20.

The on Wednesday approved the continuation of the scheme with a total outlay of Rs 2,900 crore.

"This scheme aims at improving the competitiveness of MSMEs by integrating various ongoing schematic interventions aimed at upgrading technology through Credit Linked Capital Subsidy (CLCS), hand holding for zero defect zero (ZED), increasing productivity through waste reduction (Lean), design intervention (Design), (Digital MSMEs),facilitation of intellectual property (IPR) and nurturing new ideas (Incubation)," an official statement said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 23:20 IST