Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe
Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste / Scheduled scheme aims to facilitate capital subsidy to SC/ST MSEs for purchasing of plant & machinery/eq...
Key details
Department / Ministry: Ministry Of Micro, Small and Medium Enterprises
25% subsidy to SC/ST MSEs on institutional finance for procurement of Plant & Machinery/equipment (i.e. a subsidy cap of ₹ 25,00,000/-) without any sector-specific restrictions is provided.
Eligibility (who can apply)
Sole proprietorships, partnerships, co-operatives, private/public limited companies owned by SC/ST entrepreneurs in manufacturing or service sectors.
Must have valid Udyam Registration.
SC/ST units graduated from small to medium scale within 3 years of graduation.
New industries graduating to medium scale due to loan.
How to Apply
**Offline**
The eligible SC/ST MSEs need to submit the application along with the required documents to their Prime Lending Institution (PLI).
This is the bank from which they have availed the term loan for procuring plant and machinery/equipment.
The Nodal banks/agencies notified by the Ministry of MSME will then upload the claim application of the SC/ST MSEs on a dedicated MIS Portal.
The nodal banks/agencies will only consider proposals for credit that has been approved by their respective branches.
For other eligible Primary Lending Institutions (PLIs), SIDBI and NABARD will be the nodal agencies for releasing the subsidy under SCLCSS.
Frequently Asked Questions
Who is eligible for Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe / what is the eligibility?
1. Sole proprietorships, partnerships, co-operatives, private/public limited companies owned by SC/ST entrepreneurs in manufacturing or service sectors.
1. Must have valid Udyam Registration.
1. SC/ST units graduated from small to medium scale within 3 years of graduation.
1. New industri...
What are the benefits of Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe?
- 25% subsidy to SC/ST MSEs on institutional finance for procurement of Plant & Machinery/equipment (i.e. a subsidy cap of ₹ 25,00,000/-) without any sector-specific restrictions is provided.
How to apply online for Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe?
**Offline**
1. The eligible SC/ST MSEs need to submit the application along with the required documents to their Prime Lending Institution (PLI). This is the bank from which they have availed the term loan for procuring plant and machinery/equipment.
1. The Nodal banks/agencies notified by...