Govt to reopen technology upgrade scheme for MSMEs
The government will reopen the Credit Linked Capital Subsidy (CLCS) scheme this year after remaining closed for review last year.
By PTI |
KOLKATA: The government will reopen the Credit Linked Capital Subsidy (CLCS) scheme this year after remaining closed for review last year.
"The scheme will be reopened in 2008. The scheme was closed for review. The scheme will stay open for the 11th Plan period," MSME (Development Wing) Development Commissioner Jawhar Sircar said here today at a CII organised seminar on SME.
The scheme was targeted at the small and micro sector for upgradation of technology. The government will pay 15 per cent of the cost as subsidy once banks approved the upgradation project.
"Some 40 sectors are covered under the scheme and later the scope might be increased by the government," Sircar said.
He said the government had received application of about Rs 225 crore under the scheme.
Meanwhile, West Bengal Micro, Small and Medium Enterprises Minister Manabendra Mukherjee said that in the 11th Plan period the ministry has projected to create 26 lakh jobs in the state.
He added that an apparel management institute would be open but did not say when or where.
"The scheme will be reopened in 2008. The scheme was closed for review. The scheme will stay open for the 11th Plan period," MSME (Development Wing) Development Commissioner Jawhar Sircar said here today at a CII organised seminar on SME.
The scheme was targeted at the small and micro sector for upgradation of technology. The government will pay 15 per cent of the cost as subsidy once banks approved the upgradation project.
"Some 40 sectors are covered under the scheme and later the scope might be increased by the government," Sircar said.
He said the government had received application of about Rs 225 crore under the scheme.
Meanwhile, West Bengal Micro, Small and Medium Enterprises Minister Manabendra Mukherjee said that in the 11th Plan period the ministry has projected to create 26 lakh jobs in the state.
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He added that an apparel management institute would be open but did not say when or where.
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