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Credit Linked Capital Subsidy Scheme (CLCSS)

Eligible Borrowers

Eligible Primary lending institutions

a) Existing SSI units registered with the State Directorate of Industries which upgrade with the state-of-the-art technology, with or without expansion.

b) New SSI units which are registered with the State Directorate of Industries and which set up their facilities only with the appropriate eligible and proven technology duly approved by the GTAB.

Scheduled commercial banks and National Small Industries Corporation (NSIC) and State Financial Corporations (SFCs).

Definition of Technology Upgradation

Technology upgradation would ordinarily mean induction of state-of-art or near state-of-the-art technology. It would also include installation of improved environmental conditions, including work environment for the unit, installation of improved packaging techniques, anti-pollution measures and energy conservation machinery.

Duration of the Scheme

The scheme will be in operation for a period of five years from October 1, 2000 to September 30, 2005 which has since been extended upto March 31,2007 or till the time sanctions of capital subsidy by the nodal agency reach Rs.600 crore, whichever is earlier.

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