Bank of Baroda participates in the Credit Linked Capital Subsidy Scheme launched by Government of India to facilitate Technology Upgradation of Tiny and SSI units in the specified products/ sub-sectors. Bank of Baroda is one of the Nodal Agencies appointed by Government of India.
OBJECTIVE
To facilitate Technology Upgradation of Tiny and SSI units in the specified products/sub-sectors as notified by Govt. of India by providing 15% capital subsidy for induction of proven technologies approved under the scheme, viz. leather and leather products including footwear and garments; food processing (including ice-cream manufacturing); Information and Technology (Hardware); drugs and pharmaceuticals; auto parts and components; electronic industry particularly relating to design and measuring; glass and ceramic items including tiles, dyes and intermediaries, toys; tyres; hand tools; bicycle parts; foundries ferrous and cast iron; and stone industry (including Marble Mining Industry).
LIMIT
- Ceiling for loan under the scheme is Rs. 1/- Crore.
RATE OF SUBSIDY
- 15%
- Subsidy is calculated with reference to the purchase price of Plant and Machinery.
- The Scheme is in operation for the period upto 31.3.2007.
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