Updated By: LatestGKGS Desk
About CLCS-TUS Scheme for MSMEs: Details, Aim, Features, Benefits, Updates
About CLCS-TUS Scheme for MSMEs: Details, Aim, Features, Benefits, Updates
The Cabinet Committee on Economic Affairs (CCEA) has approved a three-year extension of the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) for Micro, Small and Medium Enterprises (MSME) with a total outlay of 2,900 crores on 14th February 2019.
This CLCS-TUS scheme will continue beyond the 12th Five Year Plan for three years from 2017-18 to 2019-20.
CLCS-TUS Scheme Features
Under CLCS-TUS scheme, an upfront capital subsidy of 15 percent will be provided to the MSMEs on institutional finance of up to Rs 1 crore availed by them. This will be done to help the MSMEs in employing well-established and improved technology in the specified 51 sub-sectors/products approved.
The CLCS-TUS scheme aims to improve the competitiveness of MSMEs by integrating various current schemes aimed at up-grading technology through Credit Linked Capital Subsidy, hand holding for zero defect zero effect manufacturing, increasing productivity through waste reduction, design intervention, cloud computing, facilitation of intellectual property and nurturing new ideas.
The CLCS-TUS scheme will also focus on improving the quality of products and enhancement in productivity. This will promote a culture of continuous development.
The CLCS-TUS scheme also incorporates special provisions to increase entrepreneurship for SC/STs, women, hill states, island territories, and the aspirational districts/ LWE (Left-wing extremism) districts.
