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Objective
- To enable existing micro and small enterprises to scale up and graduate to a higher category of MSMEs.
Key Benefits
- Subsidy provided for 5% of eligible plant and machinery cost; subject to a maximum of INR 25 lakh.
Eligibility Criteria
- The applicant should be an existing micro and small manufacturing enterprise, going in for expansion/ diversification, and thereby graduating to a higher classification of MSME.
- Time limit for filing application: Within 1 year from the date of commencement of commercial production.
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