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/equipment through institutional finance (bank loan).
About the Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe Scheme
Launched by the Ministry Of Micro, Small & Medium Enterprises, Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste / Scheduled Tribe is a sub scheme under National Scheduled Caste and Scheduled Tribe Hub (NSSH) scheme. This scheme aims to facilitate capacity augmentation of existing SC/ST MSEs and for creation on new enterprises among SC/ST communities, 25 percent capital subsidy is provided for purchase of plant & machinery / equipment through institutional finance (bank loan).
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Benefits
- 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.
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Eligibility Criteria
- 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 for Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe
Application mode: 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.
Exclusions
- Units availing subsidy under SCLCSS shall not be allowed to avail any other subsidy for procurement of the same plant & machinery and equipment from any other scheme of Central / State Government and vice-versa.
- Fabricated or second-hand machinery.
Frequently Asked Questions
What is the Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe scheme?
Launched by the Ministry Of Micro, Small &amp; Medium Enterprises, Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste / Scheduled Tribe is a sub scheme under National Scheduled Caste and Scheduled Tribe Hub (NSSH) scheme. This scheme aims to facilitate…
Who is eligible for Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe?
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 mediu…
What benefits does Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe provide?
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. <br <br
How can I apply for Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe?
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…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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