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Credit Linked Interest Subsidy Scheme for Technology Up-Gradation
Credit Linked Interest Subsidy Scheme for Technology Up-Gradation - DOWNLOAD
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Name of the scheme
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Credit Linked Interest Subsidy Scheme
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Important Instructions
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- 1. All existing micro and small units located in Haryana State covered under Credit Linked Capital Subsidy Scheme of Govt. of India for technology up-gradation, are eligible.
- Units graduating from small scale to medium scale on account of sanction of additional loan under CLCSS are also eligible.
- Large units are not eligible.
- The unit must upgrade their existing plant and machinery with State of Art Technology.
- The items of manufacture should not fall in the restrictive list as notified by State Government from time to time.
- CLU/NOC is required from competent authority, if applicable.
- The unit should be in regular production at the time of disbursement of subsidy as well regular in repayment of term loan installments.
- In case of rejection of case, an appeal shall lie with the Principal Secretary, Industries within a period of 30 days.
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Documents to be enclosed with the request
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- EM part-II/UAM registration.
- Certificate of Incorporation/ Partnership deed.
- Board resolution/ Power of attorney
- Change of Land Use (CLU)/ NOC from competent authority, if applicable.
- Certificate for Financial Institution on Letter Head of the Bank(Annexure-II)
- CA Certificate regarding investment in plant & machinery for new unit/expansion/ diversification(Annexure-III)
- Audited balance sheet of the unit of last year (if Applicable).
- Copy of first sale bill.
- Copy of sanction/disbursal letter in respect of capital subsidy under CLCSS Scheme of GoI
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Timeline and Procedure
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- Submit application online with all the required documents within 03 months of the closing of the financial year for which CLIS is being claimed.
- Online application submitted shall be processed and examined by concerned Joint Director/ Deputy Director.
- If any discrepancy is found, the application shall be put onhold and be communicated to the applicant within 10 working days.
- The applicant will rectify the deficiencies within 06 weeks failing which the application will liable to be rejected.
- After completion of the application, the approval letter will be issued within 60 working days.
- The applicant will submit the documents mentioned in approval letter within 15 days.
- After compliance of conditions of approval letter, the sanction letter for releasing the incentive will be issued within 15 working days.
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