Government Subsidies are Hugely Important; It Reduces the Budget of a Corporation.

There are several types of subsidies offered by various governments (State and/or Central) on timely basis. Some are newly launched, whereas others are older ones. May schemes related to subsidies and incentives may have shut down permanently. The point is that, a common man is unaware about what's going on in the background between the government sector and corporate sector. Larger corporations easily get the benefits offered by government through their networks. The problem is mostly faced by SME's (Small and Medium Enterprises). Let's take a look at some of the most popular Government Schemes:

• Credit Linked Capital Subsidy Scheme of India (CLCSS): The Ministry of Micro, Small and Medium Enterprises (also abbreviated as MSME) operates a scheme known as the CLCSS (Credit Linked Capital Subsidy Scheme) which is specifically mean for upgradation of technology in MSME's. Under this scheme, a capital subsidy at the rate of 15 percent of the total value of plant & machinery is provided to beneficiary who have availed a loan of up to Rs. 1 Crore. The beneficiaries which are eligible under this scheme include sole proprietorship companies, partnership firms, co-operative societies, private limited corporations and public limited companies. However, it's mandatory that all above companies should be a Micro Scale Enterprise, Small Scale Enterprise or Medium Scale Enterprise. This scheme is not applicable for the Large Scale Enterprises. Industries that are extending from small scale size to medium scale size and those who have sanctioned additional loan; are also eligible to take benefits of the CLCSS Scheme. For further information, the companies can get complete assistance and consultation from PSD Advisory Service.

• Subsidies Related to Industrial Promotion: One more scheme that government has introduced is known as Industrial Promotion Subsidy. Newly established Micro Enterprises, Small Manufacturing Enterprises, Medium Scale Enterprises, LSI's including BT/IT units and companies that are under the expansion phase are all eligible for gaining the benefit of this scheme. Maharashtra Government was one of the first states across the Indian Jurisdiction, which was responsible for offering the incentives under packaging scheme. The scheme was launched by Government of Maharashtra with an intention to decentralize the industrial sector. This particular scheme is said to be one of the most effective schemes for industrial decentralization. This scheme is operated by government, but also involves the chamber of commerce and industries; to practically implement the scheme on ground level. Several other industrial organizations were also responsible behind the framing policies that are a part of this scheme.

• There are several similar schemes offered by various governments. Still if you have any queries, you can always feel free to get in touch with professional experts at PSD Advisory Service. We at PSD Advisory Service have recruited a team of highly multi-skilled professionals who remain in constant communication with the people connected to various governments. This helps us in assisting the SME's to gain access to the Government Subsidies and Incentives. We provide complete consultation and advice to our clients from beginning till end i.e. bottom to top everything's covered from our hand.