CREDIT LINKED CAPITAL SUBSIDY SCHEME

1. Objective

Technology Upgradation.

2. Eligible units

  • All new / existing units in SSI sector.
  • 48 specified products / sub sectors
  • Leather, Food Processing, Information Technology (hardware), Pharmaceuticals, Auto Components, Electronics, Glass/Ceramic, Toys, Tyres, Hardtools, Foundry, Stone industry, Medicinal aromatic plants, Combustion devices / appliances, Gold plating and Jewellery, Common effluent treatment plants, Bio-tech industries, Plastic moulded / extruded products and parts / components and Corrugated boxes.

3.Definition of Technology Upgradation

  • Induction of state-of-the-art technology
  • Significant step-up from the present technology level to a substantially higher one involving improved productivity, quality and environmental conditions.
  • Installation of improved packaging techniques, anti-pollution measures and energy conservation machinery.

4. Eligible Proposals

  • Proposals sanctioned after October 1, 2000 to September 30, 2005 (or) Till Capital Subsidy of Rs.600 crores is disbursed by SIDBI, whichever is earlier.
  • Cases covered under RTDM Scheme of SIDBI
  • Installation of second hand machinery not eligible
  • Replacement of existing machinery with the same machinery / technology not eligible

5. Subsidy

12% Capital Subsidy on actual loan amount or 12% on loan ceiling whichever is lower.

Existing investment in Plant & Machinery Loan Ceiling Amount Maximum Subsidy
Less than Rs.10 lakhs Rs. 8 lakhs 0.96 lakhs
Between Rs.10 lakhs
to Rs.25 lakhs
Rs.20 lakhs 2.40 lakhs
Above Rs.25 lakhs Rs.40 lakhs 4.80 lakhs

 

 

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