Clcss Agreement

(iii) After the sanction of the aid, the eligible PLI obtains an agreement with the relevant ISS unit on behalf of the Government of India (GoI). The format of the agreement to be concluded by the eligible PLI with the SSI unit is set out in Appendix III. Financial support agreement under the financial assistance scheme under the Technology Aid Scheme (CLCSS) 5.2 Details concerning eligible commercial banks, SFC, Cooperative Banks (including municipal cooperative banks co-opted by SIDBI under the Technological Upgradation Fund Scheme (TUFS) of the Ministry of Textiles)/RRB under this programme are set out in Annex II. iii) Eligibility for capital grants under the programme is not linked to a nodal Agency(s) refinancing programme. Therefore, it is not necessary for the PLI to request a refinancing of the maturity loans it sanctions from one of the funding agencies. i) All eligible SIPs (with the exception of new banks/agencies) must comply with a General Agreement (GA) for the use of capital grants under the scheme, whether or not they use refinancing. (vii). The eligible PLI shall communicate to the beneficiary units on a quarterly basis, on 1 March, 1 June, 1 September and 1 December, details of the release of the subsidy to the beneficiary units and of the application for the replenishment of the advances submitted to the PLI for the release of grants. 6.1 Eligible beneficiaries are sole proprietorships, partnerships, cooperatives, limited liability companies and public limited companies in the ISS sector. Priority is given to women entrepreneurs. We declare here that the information mentioned above and the attached statement and other documents are, in their soul and conscience, true and correct. 1.1 The Department of Small Industry (SSI) manages a Small Scale Industries (SSI) technology modernization program called the Credit Linked Capital Subsidy Scheme (CLCSS).

The programme aims to facilitate technological modernisation by providing advance capital grants to SSI units, including tiny, khadi, village and coco units, for institutional financing (loans) used by the latter to upgrade their production facilities (plants and machinery) and production techniques. .

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