15 percent capital subsidy for technology upgrade


Small BusinessNew Delhi:(IANS) The government is providing a 15 percent capital subsidy to micro, small and medium enterprises (MSME) on loans upto Rs.1 crore to acquire modern technology, parliament was told on Thursday.

“Many MSME units are using outdated and conventional technologies because of lack of sufficient finance, lack of access to modern technology, absence of in-house research & development and others,” MSME Minister Kalraj Mishra told the Rajya Sabha in a written reply.

He said his ministry is implementing a Credit Linked Capital Subsidy Scheme under which MSME units enjoy a 15 percent capital subsidy on a loan upto Rs.1 crore to acquire modern technology.

“There is urgent need to develop appropriate technologies for various manufacturing processes to bring down cost,” he said.

Mishra said a National Manufacturing Competitiveness Programme has also been launched to encourage MSMEs in the country to upgrade their technology, while the ministry has established 18 Technology Centres to provide technological support.

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

At www.maeeshat.in we intend to introduce and promote the businesses in the Minorities especially Muslim world who distinguish themselves with respect to Halaal and Haraam. From its very beginning this journal/website has convinced Muslim industrialists and businessmen to strengthen the Indian economy and make their relationships more flourishing with other corporate.




Maeeshat Media Pvt Ltd and https://maeeshat.in is not responsible for views and claims expressed by contributors and for reports sourced by other media networks and news agencies. They do not necessarily represent or reflect the editorial policy of the publication.