2Credit Linked Capital Subsidy Scheme (CLCSS) for GOVERNMENT OF INDIARevised Guidelines onCredit Linked Capital Subsidy Scheme (CLCSS)forTechnology UpgradationofSmall Scale Industries (SSI)(As on April 20, 2006)Office of the Development Commissioner (MSME)of Small Scale IndustriesGovernment of IndiaNirman Bhavan, New DelhiThese guidelines can also bedownloaded from the following Websites :
3Credit Linked Capital Subsidy Scheme (CLCSS) for SSI / MSME by With reference to the discussion had with your staff today, the brief details of thescheme, checklist of documents required are below:The Central Government is operating a scheme for MSME / SSI units forTechnology Up gradation called as Credit Linked Capital Subsidy Scheme(CLCSS). The Scheme details and our services are briefed below:Credit Linked Capital Subsidy Scheme (CLCSS) for SSI / MSME bythe Ministry of MSME - Government of IndiaAbout the Scheme:This revised scheme aims at facilitating technology up gradation by providing 15 % upfront capital subsidy with effect from October 2005 to MSME units, on institutional finance availed of by them for induction of well established andimproved technologies in the specified sub-sectors / products approved under thescheme. The revised ceiling on the cost of the machinery for availing the benefitunder this scheme is Rs. 100 lakhs. Maximum subsidy amount is Rs 15 lakhs. Thisscheme is extended for XI five year plan i.e. till the year March For furtherdetails log on to
4Eligibility Criteria: Purchase of machinery after October 2011.SSI Registered unit with investment in Plant & Machinery is less than Rs 5Crores prior to the purchase of the machinery.Availed Term loan for purchase of the machinery thru Nationalized banks /KSFCYour industry and the machinery are in accordance with the scheme table.Checklist of Documents Required:Copy of SSI Registration Certificate.Copy of Term Loan Sanction Letter.Copy of Bank term loan statement of account showing release dates.Copy of the machinery invoice(s) with the bill of entry (Imports).Audited Balance sheet for the last three years prior to Loan sanctions., orCopy of project Report submitted to the BankCompany letterhead – 6 numbers.Stamp Paper – Rs. 200/- in the name of the unit.Name of Proprietor/ Partners/ Directors of Company.Their age, fathers/ spouse name, residential address.Date of installation of each machine and date put to commercial use.Increase in Capacity after installation of machinery – monthly – PL sales etc.
5Mumbai – Operation Head I Generally subsidy is approved between 9 to 12 months time and disbursed inabout 3 months time. The Subsidy is remitted directly to the loan account of thebeneficiary’s bank.Arkays Corporate Services official help desk of KASSIA is providing the CLCSSdocumentation and end to end services on behalf of the SME units. Wehave pioneered the skills of processing and preparing highly accurate claims/documents to Banks/ SIDBI. Fees Payable - 8% of the subsidy amount of which 4%payable in advance at the time of submission of application and the balance whenthe subsidy is credited to the bank account. More than 1700 units in and aroundBangalore have claimed subsidy/year thru our professional and committedservice.Thanks & Regards,Ms. Krupali Talekar IMumbai – Operation Head ISME Services, F-10, Dreams Mall, Opp. LBS Road,Near BMC Market Bldg., Station Road,Bhandup (W), Mumbai –Contact : / lMs. Pankaja lBanglore – Operation Head lSME Services, No. 260/9, Abhiram Complex, 3rd floor, 17th Cross, Sampige Road, Malleswaram,Banglore –Contact : 040 –Mr. Shailendra Parab IDirector - Mumbai Operation I- |lMr. R Venkatesh lDirector – Bangalore Operation lID : lBranches : Chennai, Coimbatore, Hyderabad, Cochin, Delhi, Calcutta, Shimago, Mysore, Pinia etc.