Ministry of Micro, Small & Medium Enterprises, Central Govt. has launched Credit Linked Capital Subsidy (CLCS) Scheme as applicable to new / existing micro & small sector enterprises going to acquire technologically updated machines in their manufacturing process.
The scheme, subject to applicable terms & conditions, provides for subsidy @ 15% of purchase value of eligible machines as used by micro & small entrepreneurs in approved sectors / industries OR Rs. 15.00 Lakhs, whichever is lower.
Under the said Scheme, beneficiary has to apply for submission of subsidy claim & for that purpose, said ministry announces, from time to time, timelines for submission of periodic claims that is applicable to beneficiary entrepreneur, prime lending institutions (PLI) & nodal branches of financier banks / agencies.
If a micro or small enterprise has acquired by funding through bank loans any technologically upgraded eligible machine belonging to approved sectors during the period from 01.10.2019 – 31.12.2019 or during the period from 01.01.2020 – 31.03.2020, concerned ministry has, vide its Office Memorandum Dt. 04.08.2020 (as enclosed herewith), extended timelines for submission of claims for said machines.
To download the said Office Memorandum, pl. click here : Time-line-for-last-2-Qtrs FY 2019-20