1. Objective

Technology Upgradation.

2. Eligible units

• All new / existing units in SSI sector.
• 48 specified products / sub sectors
• Leather, Food Processing, Information Technology (hardware), Pharmaceuticals, Auto Components, Electronics, Glass/Ceramic, Toys, Tyres, Hardtools, Foundry, Stone industry, Medicinal aromatic plants, Combustion devices / appliances, Gold plating and Jewellery, Common effluent treatment plants, Bio-tech industries, Plastic moulded / extruded products and parts / components and Corrugated boxes.

3.Definition of Technology Upgradation

• Induction of state-of-the-art technology
• Significant step-up from the present technology level to a substantially higher one involving improved productivity, quality and environmental conditions.
• Installation of improved packaging techniques, anti-pollution measures and energy conservation machinery.

4. Eligible Proposals

• Proposals sanctioned after October 1, 2000 to September 30, 2005 (or) Till Capital Subsidy of Rs.600 crores is disbursed by SIDBI, whichever is earlier.
• Cases covered under RTDM Scheme of SIDBI
• Installation of second hand machinery not eligible
• Replacement of existing machinery with the same machinery / technology not eligible

5. Subsidy

12% Capital Subsidy on actual loan amount or 12% on loan ceiling whichever is lower.