Loan Assistance
Quantum of Assistance:
- TDB provides loan assistance up to 50% of the project cost.
- Interest rate: Around 5% per annum (subject to periodic revision).
- Repayment Period:
- Loan repayment typically begins after a moratorium of up to 2 years.
- The repayment period can extend up to 6-8 years, depending on project viability.
- Pattern of Assistance:
- Loan assistance can be up to 50% of the project cost.
- Grants-in-aid are also provided for non-commercial projects involving public good or demonstration of technology.
- Equity financing is available for high-risk ventures in certain cases.
Eligibility Criteria
- Indian company: The applicant must be an Indian company registered under the Companies Act, 2013.
- Technology-based project: The project must be based on indigenous technology or adapted imported technology.
- Commercialization potential: The project must have a high potential for commercialization.
- Financial viability: The project must be financially viable.
Intended Beneficiaries
The Technology Development Board (TDB) loan assistance scheme is intended to benefit the following:
- Technology-based startups: Startups developing innovative technologies can benefit from this scheme.
- Small and medium enterprises (SMEs): SMEs engaged in technology-based activities can also benefit from this scheme.
- Research and development institutions: Research and development institutions can use this scheme to commercialize their research.
The TDB loan assistance scheme can help these beneficiaries to:
- Develop new technologies: The scheme can provide financial assistance for research and development of new technologies.
- Commercialize existing technologies: The scheme can help to bring existing technologies to market.
- Create jobs: The scheme can help to create jobs in the technology sector.
- Boost the Indian economy: The scheme can help to boost the Indian economy by promoting innovation and entrepreneurship.
