Government has notified the Scheme for Technology Acquisition and Development Fund (TADF) under the under (NMP) to provide funding support to SMEs for the acquisition and development of clean and green technology.

The Scheme is applicable to all existing and new Micro, Small and Medium Enterprises (MSMEs) including those in the National Investment and Manufacturing Zones (NIMZs) in respect of their investments made after notification of the Scheme.

The fund provides subsidy of upto 10% of capital expenditure incurred on new plant and machinery (on procuring plant and machinery) for manufacturing units for controlling pollution, reducing energy consumption and for water conservation, subject to a maximum of Rs. 50 lakhs.

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