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CCEA approves CLCS-TUS with total outlay of Rs. 2900 crore

CCEA approves CLCS-TUS with total outlay of Rs. 2900 crore

The Cabinet Committee on Economic Affairs (CCEA) has approved the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of 2900 crore rupees. 

The scheme has been approved for continuation beyond the 12th five-year Plan for three years from 2017-18 to 2019-20.

It will facilitate technology upgradation to MSMEs, improvement in quality of products, enhancement in productivity, reduction in waste, and it will promote a culture of continuous improvement.

Special provisions have been made in the scheme to promote entrepreneurship for SC/STs, women, hill states (Jammu & Kashmir, Himachal Pradesh & Uttarakhand), island territories (Andaman & Nicobar and Lakshadweep) and the aspirational districts/ LWE (Left-wing extremism) districts.

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