The government arranged special trains to ferry migrated labourers to their home state after thousands of them were seen walking one state to another along with their family and kids despite the lockdown as they stopped earning with the economic activity coming to a standstill during lockdown. Thakur has requested the industry to get in touch with their workers. Ever since its implementation in , the CLSS scheme has already benefitted over 3. A vast majority 71 per cent of Indians either agree or strongly agree that the relief package will lead to economic recovery, the study by global market research and data company YouGov said. The scheme for the micro food processing enterprises will be funded between centre and state in the ratio. Separately, finance minister Nirmala Sitharaman has also announced the plan to launch affordable rental housing scheme for migrant workers or urban poor under the PMAY.
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Accordingly, to upgrade to the latest or nearly latest technology and equipment funds endorsement required. With an aim to produce improved quality products and have high productivity. The present 51 Sub-sectors or Products covered under the up-gradation scheme as per Guidelines pdf passed on 13th August are as follows:. In addition, it must be highlighted that priority shall be given to Women entrepreneurs. Capital subsidy in Scheme will be obtainable for projects where terms loans have been certified by the eligible PLI Primary Lending Institution on or after September 29, Industries that are converting from small to medium scale are eligible for assistance in sanction when applying for an additional loan under CLCSS.
Eligibility to this scheme is not linked to any refinancing schemes of the Nodal Agencies and is not necessary to do so.
Advancing institutions need guarantee that the borrowing units have made satisfactory preparations for attaining the working capital necessities. However, on the contrary, the Units in the North-Eastern Region can reap benefit from both simultaneously. Finally, it is important to note that the lending agency can set conditions in order to ensure optimal management and usage of funds. This also is a key factor that affects the sanction and if it is found that the subsidy is availed with false information.
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CREDIT LINKED CAPITAL SUBSIDY SCHEME
MSME sector on verge of collapse: Gadkari. Cabinet approves MSME, farm support measures. Relax loan rejig rules to help MSME, realty. All rights reserved. For reprint rights: Times Syndication Service.
CLCSS – Scheme Objective, Subsidy, Eligibility, Documents Required