One of the components under the schemes is Credit Linked Capital Subsidy (CLCS) under which capital subsidy up to Rs. 15 Lakh is provided to Micro and Small Enterprises (MSEs) for accessing modern technology, said MSME minister Nitin Gadkari.

Lack of access to latest technologies affects the capability of Small and Medium Enterprises to compete in the global market. In order to support SMEs in accessing latest technologies, the Ministry implements a scheme named Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS), said the minister.

Other measures aimed at enhancing competitiveness are as follows, 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.

Published On : 08-07-2019

Source : Sme Times