Refinance Scheme for Technology Development and Modernization

About This Scheme

The "Refinance Scheme for Technology Development and Modernization" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to assist Sole Proprietorships, Partnerships, Co-operative Societies, Private and Public Limited Companies for meeting the expenditure on purchase of capital equipment, acquisition of technical know-how, and the upgradation of process technology and products. The applications for this scheme are accepted online only.

Eligibility

The scheme is applicable to the following - - Sole Proprietorships - Partnerships - Co-operative Societies - Private Limited Companies - Public Limited Companies

Benefits

The assistance under the scheme would be available for meeting the expenditure on the following: - Purchase of capital equipment, need based civil works and acquisition of additional land. - Acquisition of technical know-how, design, drawing and fashion forecast where relevant to specific product group. - Upgradation of process technology and products with trust on quality improvement comparable with acceptable domestic international standards. _*The project outlay must not exceed ₹1,00,00,000/-._ _*The preliminary and pre-operative expenses shall not be covered as a part of the cost of the project._

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.