Why in News?

• Cabinet approves continuation of Credit Linked Capital Subsidy and Technology Up- gradation Scheme (CLCS-TUS) beyond 12th Plan for three years from 2017-18 to 2019-20

Highlights:

• The scheme aims at improving the competitiveness of MSMEs by integrating various ongoing schematic interventions.
• Scheme aims at improving the competitiveness of MSMEs by integrating various ongoing schematic interventions.
• Hand holding for zero defect zero effect manufacturing (ZED).
• Increasing productivity through waste reduction (Lean)
• Design intervention (Design)
• Cloud computing (Digital MSMEs)
• Facilitation of intellectual property (IPR)
• Nurturing new ideas (Incubation)
• Special provisions have been made in this scheme to promote entrepreneurship for SC/STs, women
• The scheme through Zero Defect & Zero Effect, component will promote reduction in emission level of greenhouse gases and and improve the competitiveness through reduction in defect / wastage during the manufacturing process of the products.
• It will also promote the innovation, digital empowerment of MSMEs, design interventions and support the protection of intellectual property of MSMEs.

Benefits:

• The scheme will facilitate technology up-gradation to MSEs.
• Improvement in Quality of products by MSMEs,
• Enhancement in productivity,
• Reduction in waste and
• It shall promote a culture of continuous improvement.