The Scheme aims at facilitating technology up-gradation by providing 15% upfront capital subsidy up to a maximum cap of ₹ 15 lakhs (i.e., maximum investment in approved machinery is Rs. 1 crore) to MSE units including tiny, khadi, village and coir industrial units on institutional finance availed by them for induction of state-of-the-art or near state-of-the-art technology for up-gradation of the present technology level to a substantially higher one involving improved productivity, and/or improvement in quality of product and/or improved environmental condition including work environment.
MSEs can get a capital subsidy (15%) on credit availed for technology upgradation
1. Banks and financial institutions can apply to DC-MSME for availing support.
2. MSMEs need to directly contact the respective banks for getting credit and capital subsidy