Credit Linked Interest Subsidy Scheme for Technology Up-Gradation

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1

Name of the scheme

Credit Linked Interest Subsidy Scheme

 

Important Instructions

  1. 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.
  2. Units graduating from small scale to medium scale on account of sanction of additional loan under CLCSS are also eligible.
  3. Large units are not eligible.
  4. The unit must upgrade their existing plant and machinery with State of Art Technology.
  5. The items of manufacture should not fall in the restrictive list as notified by State Government from time to time.
  6. CLU/NOC is required from competent authority, if applicable.
  7. The unit should be in regular production at the time of disbursement of subsidy as well regular in repayment of term loan installments.
  8. In case of rejection of case, an appeal shall lie with the Principal Secretary, Industries within a period of 30 days.

 

Documents to be enclosed with the request

  1. EM part-II/UAM registration.
  2. Certificate of Incorporation/ Partnership deed.
  3. Board resolution/ Power of attorney
  4. Change of Land Use (CLU)/ NOC from competent authority, if applicable.
  5. Certificate for Financial Institution on Letter Head of the Bank(Annexure-II)
  6. CA Certificate regarding investment in plant & machinery for new unit/expansion/ diversification(Annexure-III)
  7. Audited balance sheet of the unit of last year (if Applicable).
  8. Copy of first sale bill.
  9. Copy of sanction/disbursal letter in respect of capital subsidy under CLCSS Scheme of GoI

 

Timeline and Procedure

  1. Submit application online with all the required documents within 03 months of the closing of the financial year for which CLIS is being claimed.
  2. Online application submitted shall be processed and examined by concerned Joint Director/ Deputy Director.
  3. If any discrepancy is found, the application shall be put onhold and be communicated to the applicant within 10 working days.
  4. The applicant will rectify the deficiencies within 06 weeks failing which the application will liable to be rejected.
  5. After completion of the application, the approval letter will be issued within 60 working days.
  6. The applicant will submit the documents mentioned in approval letter within 15 days.
  7. After compliance of conditions of approval letter, the sanction letter for releasing the incentive will be issued within 15 working days.