Financial Daily from THE HINDU group of publications
Thursday, Dec 25, 2003
Financial Daily from THE HINDU group of publications Thursday, Dec 25, 2003 |
|
|
|
|
|
Money & Banking
-
Financial Institutions Industry & Economy - SSI Nabard to support SSI technology upgradation Our Bureau
Hyderabad , Dec. 24 THE National Bank for Agriculture and Rural Development (Nabard) has been nominated as a nodal agency for implementation of India's credit-linked capital subsidy scheme (CLCSS) for technology upgradation of the small-scale industries (SSIs). Accordingly, all SSI units that seek to upgrade their technology to improve productivity, quality, improved environment conditions by implementing better packaging techniques, anti-pollution measures and energy conservation machinery are eligible under this new scheme. The Chief General Manager of Nabard, Mr J.R. Sarangal, in a statement said SSI units, who avail bank loan under the scheme, will be eligible for 12 per cent subsidy on the capital cost. The maximum amount would vary from Rs 0.96 lakh to Rs 4.80 lakh depending upon the investment in plant and machinery. Units graduating from small-scale to medium scale on account of sanction of additional loan under the scheme shall also be eligible for assistance. The Nabard is implementing this scheme in coordination with the district industries centres (DICs). Seven regional rural banks and district central cooperative bank, Eluru covering the districts of Ananthapur, Prakasam, Kadapa, Krishna, Medak, Chittoor, Guntur, Nellore and West Godavari districts are involved. About 30 products and sub sectors such as biotech industry, common effluent treatment plants, drugs and pharmaceuticals, poultry, hatchery and cattle feed industry, leather and leather products are covered, the Nabard release said.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|