Source : ET:Aug:2011:PTI
MADURAI: Micro, Small and Medium Enterprises taking loans for modernisation programmes can now avail of a back-ended interest subsidy scheme at the rate of 3 per cent.
Under the scheme, Rs 10 lakh will be given for each enterprise.
Modernisation should be in specified sub-sectors/products listed in the guidelines of the credit-linked subsidy scheme of the central government and units assisted by micro/small industries funding and the Credit Guarantee Fund Trust Scheme (CGFTS) of the Centre, an official press release said here.
It said micro and small enterprises that had availed term loans under technology upgradation/modernisation schemes, the national equity fund scheme, schemes for ISO certification, research and development under the NSIC-SIDCO consortium and CGFTS were eligible.
New enterprises that had established facilities or existing MSMEs that upgraded existing plants with modern technology and induction of improved technologies are also eligible.
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