A DELEGATION from COSIA Vidarbha met Rukhmini Atri, Joint Development Commissioner, Ministry of MSME, New Delhi and held an in-depth discussion on several MSME-related schemes here. During the meeting, CA Julfesh Shah, Chairman, COSIA Vidarbha, highlighted that the Credit Linked Capital Subsidy Scheme (CLCSS) was abruptly discontinued without any apparent reason, depriving small and micro industries of its benefits. Under this scheme, industries availing loans for the purchase of plant and machinery were eligible for 15% subsidy (up to Rs 15 lakh) as financial support.

 

The sudden discontinuation has adversely impacted many units that relied on this assistance. Responding to the concern, Atri assured the COSIA delegation that the Ministry would take appropriate steps and consider the matter seriously for the early revival of the scheme. Also present were Vijay Sirsat, Joint Director, MSME Nagpur; Nitin Alshi, Treasurer, COSIA; Govind Rathi and Lalit Karemoré among others.