Ministry of Micro, Small & Medium Enterprises, Govt of India has a Scheme to provide Capital Subsidy Support on Credit for Technology Upgradation. MSMEs can get a capital subsidy (~15%) on credit availed for technology upgradation.
Objective:
- To help MSMEs to upgrade their technology.
- To help MSME manufacturing units to make quality products.
Eligibility:
- Banks, Financial Institutions and MSMEs can Apply.
Benefits:
Financial assistance for availing credit and loan.
How to apply:
- Banks and financial institutions can apply to DC-MSME for availing support.
- MSMEs need to directly contact the respective banks for getting credit and capital subsidy.
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