76759 Micro and Small Enterprises got benefitted from CLCS-TU scheme: Nitin Gadkari

New Delhi, Mar 25 (KNN) The Credit Linked Capital Subsidy (CLCS) component of CLCS-TU scheme which aims at facilitating technology up-gradation by providing capital subsidy to MSE units has benefited a total number of 76759 Micro and Small Enterprises since its inception.

''The scheme has benefited a total number of 76759 Micro and Small Enterprises since its inception by providing them with the capital subsidy to the tune of Rs 4867.58 crore to enable them to upgrade their technology,'' MSME Minister Nitin Gadkari said in a written reply to a question in the Rajya Sabha on Wednesday.

The Minister further informed that the CLCS-TU scheme was in operation only up to March 31st, 2020.

''As per the approval given by the Government, the Credit Linked Capital Subsidy Component of Credit Linked Capital Subsidy -Technology Up-gradation Scheme was in operation only up to 31.03.2020. The Ministry of MSME had sought additional allocation under this component in the Financial Year 2020-21 in order to clear the accumulated past subsidy claims for the reference year 2018-19 and 2019-20,'' he added.

He also said that allocation of Rs 200 crore in the BE of Financial Year 2021-22 is kept only to cater to the balance requirement of funds for pending claims, contingent liabilities etc.

The Credit Linked Capital Subsidy Component of the CLCS-TU Scheme was launched by Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises on September 5, 2019 with the signing of MoUs between Office of DC (MSME) and Nodal Banks