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GITA offers funds to MSMEs for Technology acquisition & development

Updated: Apr 26, 2016 06:17:53am

Kolkata, Apr 26 (KNN) The Global Innovation and Technology Alliance (GITA), which has been entrusted with the task of implementing the Technology Acquisition and Development Fund (TADF) for MSMEs by DIPP, has called for applications from the micro, small and medium enterprises to take advantage of the scheme.

GITA is a not-for-profit (Section 25) Public Private Partnership (PPP) Company promoted jointly by the Confederation of Indian Industry (CII) and Technology Development Board (TDB) of the Department of Science & Technology (DST), Government of India. 

The Department of Industrial Policy and Promotion (DIPP) had notified the Technology Acquisition and Development Fund (TADF) for MSMEs in the Gazette of India on 21st September, 2015 (as a component of the National Manufacturing Policy being implemented by DIPP). The scheme was formally launched by Minister of State (IC) for Commerce and Industry on 18th November, 2015.

The scheme is conceptualized to enable the MSMEs to acquire Clean, Green & Energy Efficient Technologies through patent pool and licensing and reimbursement of direct patent acquisition cost. The Scheme envisages incentivizing production of equipment for controlling pollution, reducing energy consumption and for water conservation through interest and capital subsidies; as well as incentives for energy and environment audit, waste water treatment, rain water harvesting, renewable energy and Green Buildings.

The subsidy / incentives / financial support under the scheme will be available to those MSME manufacturing units which are pre-registered with the appropriate government, and whose projects are sanctioned and operational prior to 31-03-2017.

“DIPP has entrusted the task of implementation of the Scheme to Global Innovation and Technology Alliance (GITA), a joint venture Section 25 company. MSME units may be advised to visit the webpage at http://www.gita.org.in for detailed information and online filing of the application,” said industry body FOSMI. (KNN Bureau)


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