Date:	20-11-2015
Subject:	Government launches fund for MSMEs to acquire clean manufacturing technology

NEW DELHI: Commerce ministry has launched the Technology Acquisition and Development Fund ( TADF) under National Manufacturing Policy being implemented by Department of Industrial Policy & Promotion( DIPP).

The fund will help the Micro, Small & Medium Enterprises (MSMEs) acquire clean and green technology at affordable cost across sector. Launching the fund commerce and industry minister Nirmala Sitharaman said that the fund will facilitate MSMEs in acquiring clean, green and energy efficient technology in form of customised products, specialised services, patents, industrial design available in the Indian or global markets.

The Scheme is conceptualised to catalyse the manufacturing growth in MSME sector to contribute to Prime Minister Narendra Modi's "Make in India" initiative.

The fund will support, manufacturing of equipment machines, devices for controlling pollution, reducing energy consumption and water conservation via subsidies. The manufacturing units will be provided with a subsidy of up to 10% of capital expenditure incurred on new plant & machinery subject to a maximum of Rs. 50 lakhs.

The scheme will facilitate resource conservation activities in industries located in NIMZ through the introduction of incentive, subsidy schemes for energy, environmental, water audits, construction of green buildings, implementation of waste treatment facilities and implementation of renewable energy projects through financial support.

 

 

 

 

 

 

Source :economictimes.indiatimes.com