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Technology and Vendor Development Fund Scheme for Indian entrepreneurs

Technology Development

Eligible borrowers:

Existing units in SSI sector, which undertakes modernization/ technology up-gradation, should have been in operation for at least three years. The units should not be in default to institutions/banks in payment of dues. Units graduating out of SSIU are also eligible.

NDA Exam 2013 Major Eligibility Criteria Details | Competitive ...

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Purpose:

For purchase of capital equipment, need based civil works and acquisition of additional land acquisition of technical know-how, and acquisition of ISO 9000 series certification can be finance.

Vendor Development Scheme.

Eligible borrowers:

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Registered new or existing well-run SSI vendor units: preference will be given to limited companies. Registered partnership/ proprietary concerns with goods track record may also be considered selectively.

Purpose:

To encourage SSI Vendors/subcontracting units to acquire capital equipments, as also the requisite technology for building up of export capabilities/import substitution including the cost of TQM and acquisition of ISO 9000 series certification and for expansion of capacity inclusive of need based additions / modifications to existing building and additional margin money for working capital requirement for execution of bulk orders, etc.

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