Assistance Assistance to SSI units for Technology Development and Modernization and Scheme of Assistance for Acquisition of ISO 9000 Series Certificate by SSI units

Assistance

(a) Assistance to SSI units for Technology Development and Modernization:
The existing industrial units in the small scale sector in operation for at least 3 years regular in repayment to financial institutions/ banks are eligible for assistance under the scheme to modernize their production facilities and to adopt import and updated technology to strengthen their export capabilities. Proprietorship, partnership, co-operation societies, private and public limited companies are eligible for assistance. The purpose of assistance is for purchasing of capital equipments, acquisition of technical know-how, designs, drawings, improvement of technology etc. The ceiling on project cost is Rs. 50.00 lakhs and minimum promoter's contribution is 20% of the project cost. The debt equity of 2:1 will be applied for determining the extent of loan.

(b) Scheme of Assistance for Acquisition of ISO 9000 Series Certificate by SSI units:
Existing industrial concerns in the SSI sector which are in operation for a period of 4 years and working profitably for the last 2 years and regular in repayment to financial institutions/ banks are eligible for assistance. The purpose of assistance may be towards meeting the expenses on consultancy, documentation, audit, certification fees, equipment and calibrating instruments for getting the certification. The minimum promoter's contribution would be 15% of the project cost. The units approaching for loan under this scheme should offer collateral securities as per the requirements of KSFC.