Context:

• The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, has approved the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs.2900 crore. This scheme aims at improving the competitiveness of MSMEs by integrating various ongoing schematic interventions aimed at up-grading technology through

1. Credit Linked Capital Subsidy (CLCS)
2. Hand holding for zero defect zero effect manufacturing (ZED)
3. Increasing productivity through waste reduction (Lean)
4. Design intervention (Design)
5. Cloud computing (Digital MSMEs)
6. Facilitation of intellectual property (IPR) and
7. Nurturing new ideas (Incubation).

• The scheme will facilitate technology up-gradation, improvement in Quality of products by MSMEs, enhancement in productivity, reduction in waste.