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CLCSS scheme for MSMEs is in continuation, MSME Secretary reiterates

Updated: Feb 27, 2018 08:20:53am
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CLCSS scheme for MSMEs is in continuation, MSME Secretary reiterates

New Delhi, Feb 27 (KNN) Responding to the report surfacing regarding the dormant status of the Credit Linked Capital Subsidy Scheme (CLCSS), MSME Secretary Arun Kumar Panda told KNN that the scheme for Micro, Small and Medium Enterprises (MSMEs) is in continuation.

Panda said that the scheme is not discontinued and is being offered to the MSMEs.

“Under the national manufacturing competitiveness programme during 2017-18, Rs 506 crores have been allocated and next year this allocation will increase to Rs 1,006 crores, which is almost double of the previous year. There would also be efforts to handle unmet liabilities”, the secretary added.

Earlier talking to KNN, Suresh Jain, an MSME Entrepreneur informed that the scheme has been hibernating since quite long.

“Despite repeated assurance both by the MSME Ministry as well as other officials of the department, the banks say that they are not aware whether or not the scheme is still in continuation”, Jain said.

Explaining further Jain said that their unit have applied for the subsidy with the nodal bank time and again with the required forms and documents.

“Each time we approach bank, we are told that there is no proper information in this regard”, he added.

The scheme had been popular among the MSMEs and have yielded positive results in the past helping the units adopt new technology and increase their production.

Commenting on similar lines, SIDBI CMD Mohammed Mustafa as well as Ram Mohan Mishra, Additional Secretary and Development Commissioner Ministry of MSME reiterated that the Credit Linked Capital Subsidy Scheme (CLCSS) of the Government to encourage technology upgradation of Micro, Small and Medium Enterprises (MSMEs) will continue to be implemented.

Under the scheme eligible MSMEs are provided subsidy of up to Rs. 15 lakhs for procuring state of the art technology and also to improve energy efficiency and minimise environmental impacts. (KNN/DA)

COMMENTS

  1. RAWAL PANDIT
    RAWAL PANDIT 04/07/2018 4:24 AM

    WHAT IS NECESSARY APPROVAL ? IT HAS BEEN YEAR COMPLETED THEN ALSO THERE IS NECESSARY APPROVAL SHOWING.ITS BETTER SHOW THAT SCHEME IS CLOSED.ITS COMPLETED OR GIVE RENEWAL FOR CONTINUATION.

    Reply to this comment
  2. Patel
    Patel 24/05/2018 7:43 AM

    Why not release fund from last two years application?

    Reply to this comment
  3. Debashis
    Debashis 24/05/2018 7:20 AM

    Hello, Mr. Pradeep Tiwari.... The actual implementation of the scheme is held up and only Government know when it will be re started. You may lodge your comments at: secretary-msme@nic.in

    Reply to this comment
  4. Pradeep Tiwari
    Pradeep Tiwari 22/05/2018 12:40 PM

    May i know when will release claimed subsidy, or when you will release new GR , so we can claim for new applications, Aap kya chahte hain ki ab client hamse pange le, itane phone ate hai ki samajh me nahi ata unko kya reply dun, kafi samay ho gaya so say cleary.

    Reply to this comment
  5. kewal
    kewal 28/02/2018 9:50 AM

    THANKS FOR UPDATING & CONTINUATION FOR CLCSS SCHEME . PLEASE GIVE UPDATE REGARDS FUND WHICH IS ALRAEDY APPLIED IN OCT2016

    Reply to this comment
  6. Kisan Patil
    Kisan Patil 27/02/2018 2:44 PM

    Actually MSME minister and secretary said CLCSS is in continue but from last year bank not accept CLCSS claim bank told notification is not giving to us from MSME and also No circular about CLCSS Scheme continue on MSME Website and not fund release from June 2016 so if this Scheme is in continuation so why they not giving in written circular on msme website.? And also FAQ says this Scheme not in continuation Q.2 Whether the CLCSS is in operation at present? Ans. No Sir. As per this office O.M. dated 19.10.2015, the CLCS Scheme was presently in operation upto 31.03.2017, no application will be accepted in online application and tracking system beyond 31st March, 2017. The decision on continuation of the CLCS scheme beyond March 31 2017 will be communicated to the nodal banks / agencies, as soon as the approval of the Competent Authority in this regard is obtained.

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  7. Kisan
    Kisan 27/02/2018 2:28 PM

    Actually minister and secretary said CLCSS Scheme is in continue but there are no GR Or circular on msme website also notification not giving to nodal agencies so please don't told oraly announce in circular in written. Thanks

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