Credit Linked Capital Subsidy Scheme (CLCSS)
The CLCSS scheme is operated by The Ministry of MSME (Micro, Small and Medium Enterprises) since Oct-2000 in all over India. The objective of the scheme is to facilitate technology up-gradation of Micro and Small enterprises in specified product/sub-sectors.
The Scheme was revised w.e.f. 29.09.2005. The revised scheme aims at facilitating Technology Upgradation of Micro and Small Enterprises by providing 15% capital subsidy or RS. 15 Lacs max (12% prior to 2005) on institutional finance availed by them for induction of well-established and improved technology in approved sub-sectors/products. The admissible capital subsidy under the revised scheme is calculated with reference to purchase price of Plant and Machinery.
To avail the benefits of this scheme your company should be SSI/MSME registered unit and the machine/s should be purchased against the term loan from any listed bank, i.e, Scheduled, Nationalized Band or Co-operative Bank.
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THE CRITERIA
- MSME/SSI REGISTERED UNIT WITH INVESTMENT IN PLANT- MACHINERY IS LESS THAN RS.5 CR PRIOR TO PURCHASE OF THE MACHINERY.
- AVAILED TERM LOAN FOR PURCHASE OF MACHINERY THROUGH LISTED/ELIGIBLE BANKS
- YOUR INDUSTRY AND THE MACHINERY ARE IN ACCORDANCE WITH THE SCHEME TABLE.
THE CHECKLIST
- SSI/MSME CERTIFICATE COPY AND UDYOG AADHAR CERTIFICATE
- TERM LOAN SANCTION LETTER COPY (MENTION CLCSS CLAUSE)
- TERM LOAN DISBURSEMENT STATEMENT COPY
- MACHINERY INVOICE/S COPY [WITH BILL OF ENTRY IN CASE OF IMPORTS)
- BALANCE SHEET OF PREVIOUS YEAR (AUDITED), CURRENT YEAR (ESTIMATED) AND NEXT YEAR(PROJECTED) OR PROJECT REPORT (NEW FIRM)
- COMPANY LETTERHEAD (15 NOS.)
- STAMP PAPERS OF RS. 300 TO 500 (EACH RS. 100/-)
- BANK BRANCH DETAILS (AS PER THE FORMAT)
- DIRECTORS/PARTNERS/PROPRIETOR DETAILS (AS PER THE FORMAT)
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Package Scheme of Incentives (PSI-2019)
In order to encourage the dispersal of industries to lesser developed areas of the State, the Government of Maharashtra has been giving package of incentives to New Industrial Units / Expansion Units set up in the developing regions of the State since 1964 under a Scheme popularly known as the "Package Scheme of Incentives."
Currently Maharashtra Govt. has running the PSI 2019 (valid till March 2024)
- Industrial Promotion Subsidy
- Stamp duty Exemption
- Interest Subsidy
- Electricity Duty Exemption.
- Power Tariff Subsidy.
- Energy & Water Audit.
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PSI- Part I (Documentation)
- MSME/SSI Part- I Or Part- II
- Plot Documents (Sales and Purchase Agreement / MIDC Possession Certificate / Lease Agreement/ Gram panchayat NOC)
- VAT & CST Registration (Sales Tax Reg. + RG
- Constitution Document (Proprietor/ Partnership/ Pvt. Ltd. / Ltd.)
- Project Report which was submitted for Loan Proposal/ ITR from 2011
- 15 Letterhead
- Application Form in Word format
- Project Cost + Plant & Machinery in XL Sheet
PSI - Part II (Documentation)
- Conversion of Letter of Intent (LOI)
- Import/ Export related Licenses (if any)
- MPCB Consent to Establish
- MSEDCL Load Sanction Letter / Captive power Generation Permission
- MSEDCL First and Last 3 month’s bills.
- Environment Clearance.
- Water Connection sanctioned.
- Building plan approval certified from competent authority & Building Completion certificate from competent authority
- Purchase and sales bills (quarterly / Half Yearly / Yearly) 10. Architect Certificate
- Bank Account details (MICR, IFSC, Account No., Branch Code, Bank Branch Address, Account Type etc.)
- Bank Appraisal Report.
- Abstract of first fifteen days of production register.
- ELP-1, in prescribed format
- 200/- stamp Paper 16. 25 letterheads
- To require the details for the subsidy project report (Soft copies details)
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Technology And Quality Upgradation Support to MSMEs (TEQUP Scheme)
It is the acronym for Scheme for Technology and Quality Upgradation Support to Micro, Small and
Medium Enterprises (TEQUP) .The basic objective of the scheme is to enhance competitiveness of
the MSME sector through implementation of Energy Efficiency projects.
The Scheme was launched by the Ministry of MSME (MOMSME), GoI in the financial year 2011-12.
Under the scheme, Grant to the extent of 25% of the project cost for implementation of Energy
Efficient Technologies (EET) subject to maximum of Rs. 10 lakh is provided.
Technology Upgradation Fund Scheme (TUFS)
To Upgrade & modernize the Indian Textile Industry by encouraging it to undertake & adopt modern technological process & or undertake capacity expansion
Textile manufacturers can take benefits of 4% / 5% TUF interest subsidy and 10% / 15% / 20% capital subsidy.
It provides plan support for modernization of textiles industry in the form of interest reimbursement and capital subsidy.
- 30% Capital Subsidy for Brand new shuttle less looms.
- 30% Capital Subsidy for Handloom & Carpet Industry.
- 2% Interest Subsidy or 8% Margin Money Subsidy for Second Hand Shuttleless Looms.
- 5% Interest Subsidy or 15% Margin Money Subsidy for all SSI Units.
- 6% Interest Subsidy and 15% Capital Subsidy for Weaving Units.
- 5% Interest Subsidy and 10% Capital Subsidy for specified processing, garmenting, Technical Textile, machinery.
- 2% OR 5% Interest Subsidy for Spinning Units.
Food Processing (MOFPI) / National Food Mission from the Ministry of Food Processing
The Scheme for Technology upgradation/expansion/modernization/establishment being
implemented by the Ministry of Food Processing Industries (MFPI) is aimed at upgradation
of processing capabilities.
The Scheme will provide 25% of the cost of plant & machinery and technical civil works
subject to a maximum of Rs.50 lakhs in general areas and 33% up to Rs.75 lakh in difficult
areas (Jammu & Kashmir, Himachal Pradesh, Uttarakhand, Sikkim, North-Eastern States,
Andaman & Nicobar Islands, Lakshadweep and Integrated Tribal Development Project (ITDP)areas).
Company Registration
Company Formation, Udyam Registration/MSME Registration, EM Registration, NSIC Certificate, Pollution Control Board Permission, Credit Rating services, VAT/CST/TIN, Factory License, ISO Registration.
