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09/07/2019 11:21am

Rs 15 lakh being provided to Micro & Small Enterprises for technology up gradation under CLCS-TUS

image Rs 15 lakh being provided to Micro & Small Enterprises for technology up gradation under CLCS-TUS

New Delhi, July 9 (KNN) Under Credit Linked Capital Subsidy (CLCS), up to Rs. 15 Lakh is provided to Micro and Small Enterprises (MSEs) for accessing modern technology, said Union Minister for Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari.

CLCS is a component under the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) in order to support SMEs in accessing latest technologies.

Lack of access to latest technologies affects the capability of Small and Medium Enterprises to compete in the global market, the Minister said.

Other measures aimed at enhancing competitiveness include - building awareness of Intellectual Property Rights (IPR), undertaking digital empowerment initiatives, supporting entrepreneurial and managerial development through Incubators, providing design expertise to manufacturing enterprises, adopting lean manufacturing practices, and enabling ZED Certification.

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