New Delhi, Aug 17 (KNN) Credit Linked Capital Subsidy Scheme & Technology Upgradation Scheme (CLCS-TUS) and Interest Subvention Scheme for Incremental Credit to MSMEs are no longer in operation, said MSME Ministry on Tuesday.

''It is informed herewith that both the above mentioned schemes which were being implemented by the Government of India, Ministry of Micro, Small and Medium Enterprises (MSME) are no longer in operation,'' the ministry said in a circular dated August 12, 2021.

The ministry informed the same after receiving queries from various quarters regarding the current status of the said schemes.

''CLCS-TUS was in operation till March 31, 2020. The subsidy applications for reference year 2019-20, in respect of eligible beneficiaries, have settled. No new applications being accepted,'' the circular read further.

Interest Subvention Scheme for Incremental Credit to MSMEs was in operation till March 31, 2020. However, it was extended till March 31, 2021 or disbursal of Rs 975 crore as allocated in the scheme budget.

''All of the allocation of Rs 975 crore has been released to the Nodal Agency for settlement of claims received under the scheme,'' the circular added.