Integrated Development Of Leather Sector Scheme To Be: Fill & Download for Free

Technology Upgradation Fund Scheme for The Textile Industries (TUFS)Credit Linked Capital Subsidy Scheme (CLCSS)Integrated Development of Leather Sector Scheme (IDLSS)Technology and Quality upgradation Support to Micro , Small & Medium Enterprises (TEQUP)FPTUFS – Scheme for Food Processing Industries

Small scale business benefit a lot from government subsidies. Many incentives are provided both by the Central and State Governments to pro­mote the growth of small-scale industries. Following are a few subsidies from the government of India in different sectors of small scale industries:Technology Upgradation Fund Scheme (TUFS) For Textile Industry:Technology Upgradation Fund Scheme (TUFS) was introduced in April 1999, by the Ministry of Textiles to facilitate the induction of state-of-the-art technology by the textile units. This subsidy is applicable all over India.It includes the benefits like.5% interest reimbursement of the normal interest charged by the lending agency on RTL, or5% exchange fluctuation (interest & repayment) from the base rate on FCL, or15% credit linked capital subsidy for SSI sector, or20% credit linked capital subsidy for power loom sector, or5% interest reimbursement plus 10% capital subsidy for specified processing machinery.The Credit Guarantee Fund Scheme for Micro and Small Enterprises:The government of India launched The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE). In order to provide collateral free credit to Indian MSMEs.The scheme provides credit facilities in the form of term loans and working capital facility of up to Rs. 100 lakh per borrowing unit. The amount is contributed by the Government and SIDBI in the ratio of 4:1, respectively. CGMSE also offers rehabilitation assistance to sick units covered under the guarantee scheme. The new and the existing enterprises are eligible for this scheme.Integrated Development of Leather Sector – Scheme for Leather Industry:This scheme enables existing tanneries, footwear, footwear components and leather products units in order to upgrade leading to productivity gains, right-sizing of capacity, cost cutting, design and development simultaneously encouraging entrepreneurs to diversify and set up new units. Scheme will be investment grant to the extend of 30% of cost of plant and machinery units for MSMEs, and 20% of cost of plant and machinery for other units, that Non-MSMEs.Scheme for Technology Upgradation/ Establishment/ Modernisation for Food Processing Industries:The assistance in this subsidy is in the form of grant subject to 25% of the plant & machinery and technical civil work subject to a maximum of Rs. 50 lakh in General Areas and 33.33% up to Rs. 75 lakh in Difficult Areas. This scheme covers: Setting up/expansion/modernisation of food processing industries covering all segments like fruits & vegetable, milk product, meat, poultry, fishery, oilseeds and such other agri-horticultural sectors leading to value addition and shelf life enhancement including food flavours and colours, oleoresins, spices, coconut, mushroom, hops.Credit Linked Capital Subsidy Scheme for Technology Upgradation (CLCSS)This scheme provides 15% capital subsidy on institutional finance for the Technology Upgradation of Micro and Small Enterprises.Upgradation of the process as well as the corresponding plant and machinery is important to help SMEs reduce the cost of production and remain price competitive in the global market. To help SMEs flourish in international trade markets, the Ministry of Small Scale Industries (SSI) runs a scheme for technology up gradation of Small Scale Industries. All sole proprietorship, partnership firms, cooperative, private and public limited companies are eligible for this scheme.Looking for government schemes and how they benefit you? Befunded helps you prospectively apply them to your business so that you can grow your business along with nation.Do fill in your details under the contact us section in the website mentioned below, and someone from the team will get in touch with you shortly for a free consultation.

10 Best Government Subsidy For Small Business#1. The Credit Guarantee Fund Scheme for Micro and Small EnterprisesThe Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE) was launched by the Government of India to provide collateral-free credit to Indian MSMEs. Both the existing and the new enterprises are eligible for the scheme. The Ministry of Micro, Small and Medium Enterprises and Small Industries Development Bank of India (SIDBI) established a trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the scheme.The scheme provides credit facilities in the form of term loans and working capital facility of up to Rs. 100 lakh per borrowing unit. The amount is contributed by the Government and SIDBI in the ratio of 4:1, respectively. The scheme also offers rehabilitation assistance to sick units covered under the guarantee scheme. To know more about the scheme.#2. Technology Upgradation Fund Scheme (TUFS) For Textile IndustryMinistry of Textiles introduced the Technology up gradation fund scheme (TUFS) for textiles and jute industry in April 1999 to facilitate induction of state-of-the- art technology by the textile units. It includes the benefits like 5% interest reimbursement of the normal interest charged by the lending agency on RTL, or 5% exchange fluctuation (interest & repayment) from the base rate on FCL, or 15% credit linked capital subsidy for SSI sector, or 20% credit linked capital subsidy for power loom sector, or 5% interest reimbursement plus 10% capital subsidy for specified processing machinery. To know more about the scheme.#3. Scheme for Technology Upgradation/ Establishment/ Modernization for Food Processing IndustriesThis Scheme covers the following activities: Setting up/expansion/modernization of food processing industries covering all segments viz fruits & vegetable, milk product, meat, poultry, fishery, oil seeds and such other agri-horticultural sectors leading to value addition and shelf life enhancement including food flavours and colours, oleoresins, spices, coconut, mushroom, hops. The assistance is in the form of grant subject to 25% of the plant & machinery and technical civil work subject to a maximum of Rs. 50 lakh in General Areas and 33.33% up to Rs. 75 lakh in Difficult Areas. To know more about the scheme.#4. Integrated Development of Leather Sector – Scheme for Leather IndustryThe scheme is aimed at enabling existing tanneries, footwear, footwear components and leather products units to upgrade leading to productivity gains, right-sizing of capacity, cost cutting, design and development simultaneously encouraging entrepreneurs to diversify and set up new units. Newly eligible units would be approved for assistance under the scheme only on submission of the copy of all the required registration, NOCs from all concerned Government Departments for setting up of the unit and when the factory building is ready for installation of plant and machinery. To know more about the scheme.#5. Credit Linked Capital Subsidy Scheme for Technology Upgradation (CLCSS)Upgradation of the process as well as the corresponding plant and machinery is important to help SMEs reduce the cost of production and remain price competitive in the global market. To help SMEs flourish in international trade markets, the Ministry of Small Scale Industries (SSI) runs a scheme for technology up gradation of Small Scale Industries. Known as the Credit Linked Capital Subsidy Scheme (CLCSS), it aims at facilitating technology up gradation by providing the upfront capital subsidy of 15% (limited to maximum Rs.15 lakhs) to SSI units for credit availed by them for the modernisation of their plant and machinery. All sole proprietorship, partnership firms, cooperative, private and public limited companies are eligible for this scheme. To know more about the scheme.Related: NABARD Dairy Farming Subsidy | How To Get | Basic Guide#6. Market Development Assistance Scheme for Micro, Small & Medium EnterprisesThe scheme offers funding for participation by manufacturing Small & Micro Enterprises in International Trade Fairs/ Exhibitions under MSME India stall; sector-specific market studies by Industry Associations/ Export Promotion Councils/ Federation of Indian Export Organisation; initiating/ contesting anti-dumping cases by MSME Associations and reimbursement of 75% of one-time registration fee; and 75% of annual fees (recurring) paid to GSI (Formerly EAN India) by Small & Micro units for the first three years for bar code. To know more about the scheme.#7. Technology & Quality Upgradation Support for MSMEsIn an effort to increase the adoption of quality standards by the MSME sector of India, Government provides this subsidy. Basically, this is for acquiring ISO certifications like ISO 9000, ISO 14001 and HACCP. The initiative under the NMCP aims to increase productivity, upgrading technology and conserving energy in the manufacturing process. Also, it aims to expanding domestic and global market share of Indian MSME products.#8. Mini Tools Room and Training Centre SchemeTo assist state, the governments set up Mini Tool Room and Training Centres, the Government of India provides financial assistance in the form of one-time grant-in-aid. The financial aid equals to 90% of the cost of machinery/equipment (maximum to Rs. 9 crore) in case new Mini Tool Room has to be created and 75% of the cost (maximum to Rs. 7.50 crore) in case an existing room has to be upgraded. The main objective of this scheme is to develop more tool room facilities. Basically, the Govt. wants to provide technological support to the MSMEs and training facility in tool manufacturing and tool design to create a workforce of skilled workers, supervisors, engineers/designers, etc. To know more about the scheme .#9. Government Subsidy for Small Business from NSICNSIC provides two basic subsidies. Such as raw material assistance and marketing assistance. Raw Material Assistance Scheme aims at helping Small Scale Industries/Enterprises by way of financing the purchase of Raw Material (both indigenous & imported). This gives an opportunity to SSI to focus better on manufacturing quality products. Under the Scheme, marketing support is provided to Micro, Small & Medium Enterprises through National Small Industries Corporation (NSIC) to enhance competitiveness and marketability of their products. To know more about the scheme .#10. Government Subsidy for Small Business for Cold ChainThe objective of the scheme of Cold Chain, Value Addition and Preservation Infrastructure is to provide integrated cold chain and preservation infrastructure facilities without any break from the farm gate to the consumer. It covers pre-cooling facilities at production sites, reefer vans, mobile cooling units as well as value addition centers. Basically, the centers that include infrastructural facilities like Processing/Multi-line Processing/ Collection Centres, etc. for horticulture, organic produce, marine, dairy, meat, and poultry etc. Individual, Groups of Entrepreneurs, Cooperative Societies, Self Help Groups(SHGs), Farmers Producer Organizations (FPOs), NGOs, Central/State PSUs etc. with a business interest in Cold Chain solutions are eligible to set up an integrated cold chain and preservation infrastructure and avail grant under the Scheme.#11. Under Technology Mission on Coconut (TMOC) For Coconut Producing UnitsDo you want to start a coconut based business? Do you know there is a Government subsidy scheme for innovative and value-added coconut producing units in India? Under Technology Mission on Coconut (TMOC), Coconut Development Board is providing assistance. Any individual can avail the assistance for setting up of coconut based industry other than the husk. Technology for the different products are available with the board on payment of technology transfer fee. The product list includes virgin coconut oil and dietary fiber, packing of tender coconut water, spray dried milk powder, vinegar, and other convenience foods Read.In this article, we have compiled 10 Government subsidy for small business to help the small scale industry sectors. Identifying the right project and applying the subsidy will definitely boost your small