CCEA APPROVES CLCS-TUS WITH TOTAL OUTLAY OF RS. 2900 CRORE
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
- Credit Linked Capital Subsidy (CLCS)
- 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) and
- Nurturing new ideas (Incubation).
- The scheme will facilitate technology up-gradation, improvement in Quality of products by MSMEs, enhancement in productivity, reduction in waste.