SIDBI : TIFAC - SIDBI, Technology Innovation Fund (SRIJAN
To support MSMEs towards development, up-scaling,
demonstration and commercialization of innovative technology based project. The
Scheme will provide developmental loan at flexible terms & interest rate to
encourage / promote development / innovation of new t e chnology / process /
produc t and it s commercialization.
Quantum of assistance:
1. Upto 80% of the project cost subject to maximum of ` 100 lakh.
2. Assistance more than ` 100 lakh may be considered selectively.
Eligible Project Cost :
Capital expenditure [land, building, plant & machinery, MFA,
Intangibles– patents/ copy rights / R&D / purchase of technology
Pre-operative expenses /Interest during construction period
Working capital margin
Marketing / brand building expenses.
Any other head required for the project
Upfront Fee :
Rate of Interest:
The loan repayment period including moratorium should generally
not be more than 6 years from the date of the completion of the project.
First charge on assets (both moveable / immoveable) created
under the project.
First / pari passu charge on other assets of the unit.
CGTMSE cover could be taken, wherever possible.
Personal guarantees of promoters.