Home / Knowledge / News / CCEA approves CLCSS for Micro & Small Enterprises
CCEA approves CLCSS for Micro & Small Enterprises
Feb '08
The Government approved continuation of the Credit Linked Capital Subsidy Scheme (CLCSS) for Micro & Small Enterprises during 11th Plan. The Cabinet Committee on Economic Affairs (CCEA) gave its approval here.

The Ministry of Micro, Small & Medium Enterprises has been operating for technology upgradation of Small Scale Industries under which 15% capital subsidy on the Institutional Finance was provided in specified sub-sectors/products for induction of well established and improved technologies approved under the scheme.

The validity of this scheme was upto 31.03.2007 i.e. the end of X Five Year Plan. During initial period of five years, very few units could take advantage of the scheme, therefore, the scheme was modified and made more attractive by increasing the rate of subsidy from 12% to 15% and raising the ceiling of loan from Rs.40 lakh to Rs. 1.00 crore in September, 2005. The period of validity which was expiring on 30 September, 2005 was also extended upto 31.03.2007.

Consequently, the Scheme became popular among Micro and Small Enterprises with about 2400 units availing financial assistance (term loan) of Rs.727 crore (approx.) from the financial institutions and utilising a subsidy of Rs.80 crore (approx.) under the Scheme in a period of one-and-a-half years of its operation. In addition, about 2400 more units have already obtained financial assistance of about Rs.833 crore and are awaiting subsidy clearance of about Rs.115 crore.

Must ReadView All

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Interviews View All

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search