Union Minister for MSME launched Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Services Sector

What is the News?

The Union Minister for MSME has launched the Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector.

What is Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector?

The scheme aims to help in meeting the technology related requirements of enterprises in the services sector.

Under the scheme, there is a provision of 25% capital subsidy for procurement of plant and machinery and service equipment. Subsidy is to be given via institutional credit to the SC/ST micro and small enterprises (MSEs) without any sector specific restrictions on technology degradation.

Significance: The scheme will help in meeting the technology related requirements of enterprises in the services sector.

Source:  This post is based on the article “Union Minister for MSME launched Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Services Sector” published in PIB on 19th Nov 2021.