Credit Linked Capital Subsidy Scheme
Description:-
Special Credit Linked Capital Subsidy Scheme (SCLCSS) component, introduced under the National SC-ST Hub scheme with an objective to promote new enterprises and support the existing enterprises in their expansion for enhanced participation of SC/ST entrepreneurs in public procurement.
Nature of assistance:
To ease the access to latest technology, under SCLCSS, there is a provision of 25% subsidy to the SC/ST MSEs for procurement of Plant & Machinery/ Equipment through institutional credit (bank loan) with the overall ceiling of Rs. 25 Lacs on the subsidy. SCLCSS, is applicable for the purchase of new Plant & Machinery / Equipment eligible for Term Loan from the Prime Lending Institutions (PLIs).
Who can be benefitted:
Sole Proprietorships, Partnerships, Co-operative and Societies, Private Micro / Small enterprises owned by SC/ST Entrepreneurs engaged in the manufacturing and service activities shall be eligible for seeking assistance.
How to apply:
The eligible SC/ST MSEs may submit the application along with requisite documents for SCLCSS subsidy to the concerned Prime Lending Institution (Bank from which term loan has been availed for procurement of plant & machinery / equipment). The Nodal banks/agencies as notified from time to time by the Ministry of MSME shall upload the claim application of SC-ST MSEs on the dedicated MIS Portal. The nodal banks/agencies shall consider the proposals only in respect of credit approved by their respective branches, whereas, for other eligible Primary Lending Institutions (PLIs), SIDBI and NABARD shall be the nodal agencies for the release of subsidy under SCLCSS.
