{"id":269883,"date":"2023-11-18T19:22:46","date_gmt":"2023-11-18T13:52:46","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=269883"},"modified":"2023-11-18T19:22:46","modified_gmt":"2023-11-18T13:52:46","slug":"technology-development-board-and-small-industries-development-bank-of-india-forge-strategic-alliance-to-boost-msmes","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/technology-development-board-and-small-industries-development-bank-of-india-forge-strategic-alliance-to-boost-msmes\/","title":{"rendered":"Technology Development Board and Small Industries Development Bank of India forge strategic alliance to boost MSMEs"},"content":{"rendered":"

Source: <\/b>The post is based on the article<\/span> \u201c<\/b>Technology Development Board and Small Industries Development Bank of India forge strategic alliance to boost MSMEs<\/b>\u201d <\/b>published in <\/span>\u201cPIB\u201d on 18th November 2023<\/b><\/p>\n

Why in the News?<\/b><\/h2>\n

Small Industries Development Bank of India (SIDBI) and the Technology Development Board (TDB) have signed a memorandum of understanding (MoU) to enable easier access to credit for MSMEs engaged in the development of indigenous or imported technology.<\/span><\/p>\n

What is the Technology Development Board (TDB)?\u00a0<\/b><\/h2>\n\n\n\n\n\n\n\n\n\n
Specifications<\/b><\/td>\nDetails<\/b><\/td>\n<\/tr>\n
Nodal Ministry<\/b><\/td>\nDepartment of Science and Technology<\/span><\/td>\n<\/tr>\n
Constituted in<\/b><\/td>\n1996<\/span><\/td>\n<\/tr>\n
Type<\/b><\/td>\nStatutory body established under Technology Development Board Act,1995<\/span><\/td>\n<\/tr>\n
Aim<\/b><\/td>\nTo <\/span>promote development and commercialization of indigenous technology and adaptation of imported technology for much wider application.<\/span><\/td>\n<\/tr>\n
Composition<\/b><\/td>\n11 members with Secretary, Department of Science & Technology as Ex-officio Chairperson.<\/span><\/td>\n<\/tr>\n
Financial Assistance<\/b><\/td>\nThe board provides equity capital or loans to industrial concerns and financial assistance to research and development institutions. The loans carry a simple interest rate of 5% per annum.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What is <\/b>Global Innovation & Technology Alliance (GITA)?<\/b><\/h2>\n\n\n\n\n\n\n
Specifications\u00a0<\/b><\/td>\nDetails<\/b><\/td>\n<\/tr>\n
What is it<\/b><\/td>\nNot\u2013for\u2013profit Public Private Partnership (PPP) company<\/span><\/td>\n<\/tr>\n
Established by<\/b><\/td>\nTechnology Development Board (TDB) and the Confederation of Indian Industry (CII).<\/span><\/td>\n<\/tr>\n
Purpose<\/b><\/td>\nIt encourages industrial investments in innovative technology solutions by:<\/span><\/p>\n

1) Mapping technology gaps<\/span><\/p>\n

2) Undertaking expert evaluation of technologies available across the globe,<\/span><\/p>\n

3) Facilitating techno\u2013strategic collaborative partnerships appropriate for Indian economy<\/span><\/p>\n

4) Providing soft funding for technology development \/ acquisition \/ deployment.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

UPSC Syllabus: Statutory Bodies in News<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article \u201cTechnology Development Board and Small Industries Development Bank of India forge strategic alliance to boost MSMEs\u201d published in \u201cPIB\u201d on 18th November 2023 Why in the News? Small Industries Development Bank of India (SIDBI) and the Technology Development Board (TDB) have signed a memorandum of understanding (MoU)… Continue reading Technology Development Board and Small Industries Development Bank of India forge strategic alliance to boost MSMEs<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1],"tags":[11872,3590],"class_list":["post-269883","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-9pm-daily-factly","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":1,"cached_at":"","cached_date":1700350687},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/269883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=269883"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/269883\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=269883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=269883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=269883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}