Cabinet approves continuation of CLCS-TUS till 2019-20
15 Feb 19 2 min read
CLCS-TUS aims at improving the competitiveness of MSMEs by integrating various ongoing schematic interventions aimed at upgrading technology through credit linked capital subsidy, hand holding for zero defect zero effect manufacturing (ZED), increasing productivity through waste reduction (Lean), design intervention (Design), cloud computing (Digital MSMEs), facilitation of intellectual property (IPR) and nurturing new ideas (Incubation).
Special provisions have been made in the scheme to promote entrepreneurship for SC/STs, women, NER/Hill States (Jammu & Kashmir, Himachal Pradesh and Uttarakhand), island territories (Andaman & Nicobar and Lakshadweep), and aspirational districts/LWE districts, as in these cases the subsidy shall be admissible also for investment in acquisition/replacement of plant and machinery/equipment and technology upgradation of any kind.
The scheme would be demand driven. But its coverage has been made more inclusive. In addition, the scheme through ZED component will promote reduction in emission level of green house gases and improve the competitiveness through reduction in defect/wastage during the manufacturing process of the products.
It will also promote innovation, digital empowerment of MSMEs, design interventions and support the protection of intellectual property of MSMEs.
“The scheme will facilitate technology upgradation to MSMEs, improvement in quality of products by MSMEs, enhancement in productivity, reduction in waste and shall promote a culture of continuous improvement,” an official statement said. (RKS)
Fibre2Fashion News Desk – India
Popular News
|
German brand Puma teams up with KidSuper to redefine sportswear |
|
US trade bodies against tariff hike on apparels from 5 countries |
|
Indian fashion retailers make significant strides in sustainability |
|
Chinese firm to set up $27.8 mn sock manufacturing plant in Bangladesh |
|
Swedish firm Lindex Group’s revenue at $207 mn in Q1 FY24 |
|
UK manufacturing sector sees improved sentiment in April: CBI |