15% of actual term loan sanctioned for acquisition of plant & machinery subject to maximum ceiling of 15 lac i.e 15% of term loan of 1 crore.
The subsidy of 15% is available only to those enterprises that have invested in eligible plant & machinery by availing term loans from approved financial institutions.
The enterprises which are updating from small scale to medium scale due to sanction of additional loans under CLCSS are also qualified for subsidy