Ministry : Ministry of Micro, Small and Medium Enterprises
The scheme aims to help in meeting the technology related requirements of enterprises in the services sector.
Under the scheme, there is a provision of 25% capital subsidy for procurement of plant and machinery and service equipment.
Subsidy is to be given via institutional credit to the SC/ST micro and small enterprises (MSEs) without any sector specific restrictions on technology degradation.
Significance: The scheme will help in meeting the technology related requirements of enterprises in the services sector.
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