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| Form of Enterprise | Mininum Holding % (SC/ST ) |
|---|---|
| Proprietorship MSEs | 100% |
| Partnership MSEs | 51% |
| Private Limited | 51% |
Manufacturing Service SCLCSS subsidy shall not be applicable for trading activities.
In case of imported machinery:- Following shall be included while calculating the value of plant & machinery cost:-
• Import Duty
• Custom charges
• GST
| Term loan conditions: | |
|---|---|
| Qualified lending institution | PLI having general agreement (GA) with either SIDBI or NABARD and Nodal Banks |
| Sanction date | During the operative period of scheme. |
| Manimum loan of machinery cost | No limit |
| Tenure of loan (Minimum ) | Until repayment of loan |
| Transfer of existing loan | Not allowed untill receipt of subsidy. |
| Other Significant Points:- | |
|---|---|
| Machinery life as Commercial Production | The beneficiary unit will have to remain in commercial production for three years after installation of plant & machinery. |
| Benefits under other scheme:- | MSEs availing subsidy under this scheme shall be eligible for all other types of subsidy except any other Central Government subsidy for technology up-gradation. |
| Where subsidy be credited/Kept | Subsidy will be kept as TDS for 3 years from date of reference date. After completion of 3 years, subsidy amount will be credited in term loan account of beneficiary. |
| Location of Machinery | Anywhere in India |
| Timeline for Machinery Installation | No time line |
| Machinery Specification | Technological upgraded |
