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Technology Development Board (TDB) & SIDBI

Santhosh Kumar 20/11/2023
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Technology Development Board (TDB) & SIDBI mind map TDB and SIDBI Collaboration Memorandum of Understanding Credit alliance Mutual referral for additional funding Streamlined coordination Financial support Eligible MSMEs Beyond Financial Support Joint outreach/marketing activities Initiative promotion Audience widening Shared Commitment MSME support Technology development and application Societal betterment Impacts Innovation increase Job creation Economic development Technology Development Board (TDB) Establishment Statutory body Established by Technology Development Board Act, 1995 Formation September 1996 Supervision Ministry of Science and Technology Government of India Objectives Promoting technology development Commercialization Indigenous technology Adapted imported technology Innovation encouragement Small firms Production Competitive consumer products Motivation Industries and R&D Product innovation Socially relevant technology Strategic interventions Identification and action Core technological strengths Global competitiveness Functions Equity capital provision Loans provision Industrial concerns R&D institutions Interest rate 5% per annum Facilitation Industry and specialists interaction Cooperative research Innovation culture fostering Platform providing Business and financial institution interaction Entrepreneurship creation Partnership assistance Technology financing institutions High-tech domain ventures Job opportunities generation Members Chairperson Secretary, Department of Science and Technology Ex-officio members Secretaries of various departments Scientific & Industrial Research Defence Research & Development Expenditure Promotion of Industry and Internal Trade Rural Development Nominated members Number Four Small Industries Development Bank of India (SIDBI) Establishment Year 1988 Operative from April 02, 1990 Subsidiary Wholly owned by IDBI Industrial Development Bank of India Function Primary financial institution for MSMEs Regulating and supervising Small Industries Development Fund National Equity Fund Promotion Cleaner production Energy efficiency Mission Facilitating credit flow Addressing financial and developmental gaps MSMEs support Fund acquisition Growth, market, commercialize Developing innovative products Supervision Reserve Bank of India Headquarters Lucknow, Uttar Pradesh Chairman and Managing Director Siva S. Ramann (IAS) Subsidiaries Mudra Bank India SME Asset Reconstruction Company Limited Acuité Ratings & Research Limited SIDBI Trustee Company Limited Key Initiatives Assistance INR 5.40 lakh crore to MSMEs Functions Refinancing loans Marketing channel expansion Leasing, factoring services Employment promotion Technological innovation steps Credit flow Working capital Term loans Financial Assistance Direct Finance Working Capital Term Loan Assistance Foreign Currency Loan Support against Receivables Energy Saving scheme Indirect Finance Refinance to Primary Lending Institutions Resource position raising Micro Finance Small entrepreneurs and businessmen support

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Categories: MSMEs, National Organisations / Government Agencies
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