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.
Image Source: competitiveexamsonline.files.wordpress.com/2013/04/eligibility.jpg
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:
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.