MSME Ministry extends time upto Jan 31 for banks to submit CLCSS claims

New Delhi, Jan 3 (KNN) The Ministry of MSME has given relaxation to all nodal banks/ agencies upto January 31 for submitting claims under Credit Linked Capital Subsidy Scheme (CLCSS).

However, the relaxation is applicable for eligible claims of third quarter of 2016-17 (October-December 2016) only.

From the fourth quarter of 2016-17 ending on 31 March, the one-time relaxation in submitting the claims will not be applicable.

"All nodal banks/agencies under CLCSS including SIDBI, SBI , PNB , BOB , NABARD, BOI , SBBJ , Canara Bank , Indian Bank , TIICL, Corporation Bank & Andhra Bank are allowed one-time relaxation of 31 days due to present workload on banks after demonetisation," the MSME Ministry said in a memorandum.

The Credit Linked Capital Subsidy Scheme (CLCSS) for technology upgradation of Micro and Small Enterprises was launched in October 2000 and revised from September 29, 2005.