Union Government launches Technology Acquisition and Development Fund under the National Manufacturing Policy (NMP)

Date: November 20, 2015

MSME cottage industry

Union Government has launched the Technology Acquisition and Development Fund (TADF) under the National Manufacturing Policy (NMP), 2011. It was launched by Union Minister of State (MoS) for Commerce & Industry Nirmala Sitharaman in New Delhi.

TADF will facilitate Micro, Small & Medium Enterprises (MSME) to acquire clean, green and energy efficient technologies. It will also catalyse the manufacturing growth in MSME sector with an aim to contribute to ‘Make in India’ initiative. Implementation: The scheme will be implemented through Global Innovation and Technology Alliance (GITA) which is a joint venture company of CII and Department of Science & Technology. 

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TDAF seeks to facilitate resource conservation activities in industries located in National Investment and Manufacturing Zone (NIMZ). In this regard, financial support for under incentive or subsidy schemes will be provided for construction of green buildings, energy or water audits and implementation of waste treatment facilities.