Union Minister Narayan Rane launches Credit score Linked Capital Subsidy Scheme for providers sector

Union Minister Narayan Rane launches Credit score Linked Capital Subsidy Scheme for providers sector

Union Minister Narayan Rane on Friday launched the Particular Credit score Linked Capital Subsidy Scheme for the providers sector.

“The scheme will assist in assembly the technology-related necessities of enterprises within the providers sector and has a provision of 25 per cent capital subsidy for procurement of plant and equipment and repair tools by means of institutional credit score to the SC-ST MSEs with none sector-specific restrictions on know-how up-gradation,” in line with an official assertion.

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The Minister for Micro, Small and Medium Enterprises (MSME) launched the scheme at Guwahati.

Rane additionally felicitated SC/ST Entrepreneurs of the North-eastern area and urged the youth to take up the entrepreneurship to turn into job givers than job seekers, the assertion mentioned.

He assured the youth that no stone shall be left unturned by the Ministry of MSME of their journey to turn into profitable entrepreneurs.

He said that beneficial insurance policies of the federal government and completely different schemes applied by the MSME ministry, particularly for marginalised sections of the society, are serving to the area realise its full potential.

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