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.
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.
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.
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.