Which scheme specifically supports MSMEs for technology upgradation?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer:
Credit Linked Capital Subsidy Scheme (CLCSS)
Explanation:
The Credit Linked Capital Subsidy Scheme (CLCSS), implemented by the Ministry of Micro, Small and Medium Enterprises (MSME), is specifically designed to facilitate technology upgradation in Micro and Small Enterprises (MSEs) by helping them modernize their production equipment, plant, and machinery. Under this scheme, an upfront capital subsidy is provided on institutional finance (term loans) availed by eligible units to adopt well-established and improved technologies.
Additional Points:
The scheme provides a capital subsidy on eligible term loans up to ₹1 crore to upgrade production technologies in specified sub-sectors. The primary nodal agencies responsible for implementing and channeling this scheme are SIDBI and NABARD.
Important Questions and Answers:
Question: What is the primary objective of the CLCSS scheme?
Answer: Technology upgradation and modernization of machinery for MSMEs.
Question: Who are the main nodal agencies for the CLCSS scheme?
Answer: SIDBI and NABARD.