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Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS)

Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS)on February 13, 2019

News: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister has approved the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) beyond 12th Plan for three years from 2017-18 to 2019-20.

Aim

This scheme aims at

  1. improving the competitiveness of MSMEs by integrating various ongoing schematic interventions aimed at up-grading technology through Credit Linked Capital Subsidy (CLCS),
  2. hand holding for zero defect zero effect manufacturing (ZED),
  3. increasing productivity through waste reduction (Lean), design intervention (Design), cloud computing (Digital MSMEs), facilitation of intellectual property (IPR) and nurturing new ideas (Incubation)

Benefits

  • The scheme through Zero Defect & Zero Effect, component will promote reduction in emission level of green house gases and improve the competitiveness through reduction in defect / wastage during the manufacturing process of the products.
  • It will also promote the innovation, digital empowerment of MSMEs, design interventions and support the protection of intellectual property of MSMEs.
  • The scheme will facilitate technology up-gradation to MSEs, improvement in Quality of products by MSMEs, enhancement in productivity, reduction in waste and shall promote a culture of continuous improvement.
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