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“Technology Acquisition and Development Fund” to catalyze MSME sector

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On the sidelines of “Make in India”, Technology Acquisition and Development Fund (TADF) under National Manufacturing Policy has been launched by Mrs. Nirmala Sitharaman (Minister of State for Commerce & Industry)

  • TADF will be implemented through Global Innovation and Technology Alliance (GITA), a joint venture company of Confederation of Indian Industry (CII) and Technology Development Board (TDB) of the Department of Science & Technology (DST).

“Technology Acquisition and Development Fund” to catalyze MSME sectorThe main aim of the TADF is to support Micro, Small & Medium Enterprises to acquire clean, green and energy efficient technologies. TADF will boost MSME sector in the following ways:

  • Direct Support for Technology Acquisition– Proposals will be invited for reimbursement of 50% of technology transfer fee or Rs. 20 lakhs, whichever is lower.
  • In-direct Support for Technology Acquisition through Patent Pool– Financial support will be provided in acquiring Patent from across the world based on applications received from MSMEs. Technology/Patent will be licensed to selected companies and will get a subsidy of 50% of the mutually agreed value or 20 lakhs.
  • Technology / Equipment Manufacturing Subsidies: The fund will support manufacturing of devices for controlling pollution, reducing energy consumption and water conservation.TADF will provide subsidy of up to 10% of capital expenditure incurred on new plant & machinery subject to a maximum of Rs. 50 lakhs.
  • Green Manufacturing – Incentive Scheme: Scheme will facilitate resource conservation activities in industries located in National Investment and Manufacturing Zone (NIMZ) through incentive schemes for energy, environmental, water audits and construction of green buildings.

The guidelines for the Scheme will be providing assistance to units in MSME sector owned by Indian residents.