Social News XYZ     

Government to continue credit linked capital subsidy scheme

Government to continue credit linked capital subsidy scheme

New Delhi, Feb 13 (IANS) The Central government 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 Cabinet Committee on Economic Affairs 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 effect manufacturing (ZED), increasing productivity through waste reduction (Lean), design intervention (Design), cloud computing (Digital MSMEs),facilitation of intellectual property (IPR) and nurturing new ideas (Incubation)," an official statement said.

Facebook Comments
Government to continue credit linked capital subsidy scheme

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

%d bloggers like this: