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MoMSME for making CLCSS more flexible, especially for SC, ST & NE MSMEs: Dr AK Panda

The Ministry of Micro, Small and Medium Enterprises will make the Credit Linked Capital Subsidy Scheme (CLCSS) more flexible, especially for the SC/ ST and MSMEs in North Eastern Region, Dr. Arjun Kumar Panda, Secretary, Ministry of MSME told KNN India in an interview.

"Under Credit Linked Capital Subsidy Scheme (CLCSS) for certain sectors of the society, especially the Micro, Small Enterprises (MSEs) belonging to the SC, ST and the North Eastern region, we are not restricting to any particular technology. If they want to improve their technology up-gradation, we should be able to help them out," said  Panda.

The Ministry held a meeting on December 11 to discuss continuation of CLCSS)beyond 12th Five Year Plan. 

MoMSME is operating a scheme namely “Credit Linked Capital Subsidy Scheme (CLCSS) for technology up-gradation of Micro and Small Enterprises (MSE’s). The scheme was launched in October-2000 and revised from 29.9.2005.

He said this on the sidelines of 15th Global SME Bussiness Summit here today.

He added, “We are trying to make CLCSS more flexible.”

“Earlier 51 sectors were there, we are trying to make them flexible now,” Panda said.

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