Government contemplates CLCSS 2.0 scheme for technology upgradation of MSMEs
The Ministry of MSME is considering a new scheme in place of the recently closed CLCSS scheme. Credit Linked Capital Subsidy Scheme (CLCSS) was the flagship scheme of the Ministry to financially assist small and micro enterprises, to the extent of 15% of the cost of new plant and machinery, to adopt state of the art technology.
After running for nearly 20 years and supporting about a lakh of units in modernization with a total grant of more than 8000 crores, the scheme has been recently wound up. FISME led the MSME fraternity in appealing to the Government for continuation of the highly successful scheme. In response, the Ministry of Industry has informed their intention to start a new scheme and has requested suggestions from Associations on its framework.