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 31.3.2012.
Complete details of the scheme are available on the website
www.smallindustryindia.com and
www.laghu-udyog.com
To know the current interest rates Click here.
