Introduction
Technology Acquisition and Development Fund (TADF) is set up recently by the department of Commerce and Industry to fund green development projects in India.
About TADF
- TADF established under National Manufacturing Policy 2011
- Implementing agency is Department of Industrial Policy and Promotion (DIPP)
- Funds are managed by a joint venture GITA (Global Innovation and Technology Alliance)
Need for TADF
- SME contribute to about 45 percent of India exports
- SME employs about 60 million Indians and ranks after Agriculture as the largest employer
- More than 6000 products are released yearly by SME giving a lot of scope in innovation in the SME sector
- TADF was established to encourage SME to innovate and manufacture green products
Objective of TADF
- Facilitation of Green, Clean and Energy efficient technologies through MSME
- Projects under TADF take the form of patents, customized products, technology, specialized services and industrial design
TADF Schemes
- Direct technology acquisition – 50 % subsidy or 20 lakhs reimbursed for technology transfer
- Indirect technology acquisition - 50 % subsidy or 20 lakhs reimbursed for mutually agreed value
- Manufacturing technology/equipment – 10 % subsidy on capital expenses up to a maximum of 50 lakhs
- Incentives for green manufacturing – Green building construction, environment friendly measures etc
Features of TADF
- Financial assistance to Indian owned MSME
- Scheme applicable to all MSME in the NIMZ (National Investment and Manufacturing Zones)
- SME patent and technology acquisition costs covered
- Direct patent acquisition costs reimbursed
- Incentives given to adoption of innovation technologies in water conservation, rain water harvesting, pollution control, waste water treatment, green buildings and renewable energy projects
- Green buildings are encouraged through TADF
- Incentives given to reduced energy consumption and adoption of solar power systems
Conclusion
- TADF contributes directly to the ‘Make In India’ Scheme to promote manufacturing in India
- Scheme facilitates the acquisition of green and clean technologies by SME
- TADF helps bridge the technology transfer between international and domestic player at affordable cost
- TADF schemes will promote green concept among MSME
- Adoption of clean and green technologies will be encouraged
- Environmental pollution will be reduced to a great extent through proper waste disposal mechanisms and adoption of green technologies
- TADF will benefit both the manufacturing sector and at the same time contribute to the environment as a whole through adoption of clean and green technologies
