The Ministry of Micro, Small and Medium Enterprises has taken several steps such as provision of collateral free credit through Credit Guarantee Scheme, provision of Subsidy for installation of modern machinery through Credit Linked Capital Subsidy Scheme (CLCSS), creating an ecosystem through Technology Centres (TCs) to support MSME Clusters for global competitive manufacturing through setting up of 15 new Technology Centres with World Bank assistance, augmenting the 18 existing TCs with new technologies and testing facilities, enhancing Competitiveness and Productivity through upscaling the various components of NMCP Scheme and also upscaling the cluster approach to improve development in the MSME sector following the announcement of the Make in India Campaign.
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