#1
January 18th, 2018, 12:57 PM
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Department Of Science And Technology Financial Assistance
I want to know the financial assistance offered by the Department Of Science And Technology, Govt of India?
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#2
January 18th, 2018, 12:58 PM
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Re: Department Of Science And Technology Financial Assistance
The Technology Development Board, Department Of Science And Technology aims at accelerating the development and commercialisation of indigenous technology or adapting imported technology to wider domestic application. The board provides financial assistance in the form of Equity, Soft loans, or Grants. TDB provides equity capital or loans to industrial concerns and financial assistance to research and development institutions. Financial Assistance by TDB TDB provides loan assistance to industrial concerns. The industrial concern may be an on-going one or a new one. The loan carries a simple interest of five percent per annum. TDB does not levy processing, administrative or commitment charges. The quantum of loan will be, normally, limited up to 50 per cent of the approved project cost. The duration of the project should not generally exceed three years. Equity Subscription: TDB may also subscribe by way of equity capital in an industrial concern, on its commencement, start-up and/or growth stages. The equity subscription is decided by the full Board of TDB. It is up to 25 per cent of the approved project cost provided such investment does not exceed the capital paid-up by the promoters. TDB has a right to have nominee director(s) on the Board of Directors of the company. TDB, in its discretion, may divest its shareholdings in the company after three years of completion of the project or after five years from the date of subscription. The first option to buy back the shares rests with the promoters. TDB has recently joined hands with two major private equity investors, ie APIDC VCF and UTI to invest in the equity of startups and companies in the growth phase. TDB has contributed Rs. 30 crores to the APIDC VCF (BioTech fund) and Rs. 75 crores to the UTI Ascent India Fund. TDB is not to be considered a substitute for funding by the Government or other appropriate institutions. Beneficiaries Sector No. of Agreements Total Cost Sanctioned by the Board (Rs.in crores) (Rs.in crores) Sanctioned by the Board (Rs.in crores) 37 497.18 151.29 Engineering 32 275.1 86.14 Road Transport 10 527.04 81.2 Air Transport 2 142.1 68.2 Energy & waste Utilisation 6 98.34 43.98 Chemicals 16 112.89 36.18 Agriculture 15 77.98 24.52 Telecommunications 5 35.98 11.86 Information Technology 14 68.45 29.07 Technology Transfer Centres 1 0.83 0.5 Other Agencies 3 208 130 TOTAL 141 2043.89 662.94 Contact- Department of Science & Technology, Technology Bhavan, New Mehrauli Road,, New Delhi-110 016. Telephone: +91-11-26562122/25/33/44, 26567373, 26962819 Fax +91-11-26863847, 26515637 Email:dstinfo[at]nic[dot]in |
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