Summary of the Scheme :
The Scheme was launched in October,
2000 and 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 (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. Maximum limit
of eligible loan for calculation of subsidy under the
revised scheme has also been raised from Rs. 40 lakhs to Rs.
100 lakh w.e.f. 29-09.2005.
Under the scheme approximately 22000 units have availed subsidy of Rs. 1146 crore till 31 March 2013. Read more...