IBPS Clerk Mains 2019 Paper

(b) The government of India launched the Credit linked Capital Subsidy Scheme (CLCSS) to allow micro, small and medium enterprises (MSMEs) access to capital. The scheme provides an upfront subsidy of15 per cent on institutional credit up to Rs 1 crore for MSMEs in the specified 51 sub-sectors. In February, the Cabinet Committee on Economic Affairs approved an outlay of Rs 2,900 crore for the scheme.