Page 55 - MSME August 2016
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News Commerce and Industry Minister to form a dedicated group to identify & implement expeditiously steps government can take to accelerate further India's innovation ommerce and Industry Minister Smt. GII to reach 66th position from its last year’s rank of Nirmala Sitharaman said that a dedicated 81st, this improvement in the rank for India comes Cgroup will be formed to identify & after 5 years of continuous drop in its ranking. implement expeditiously steps government can Switzerland, Sweden, the United Kingdom, the take to accelerate further India's innovation. United States of America, Finland and Singapore Addressing the function at the launch of the Global lead the 2016 rankings in the Global Innovation Innovation Index report 2016 in New Delhi she Index, released jointly by Cornell University, said it is possible to do more and the country is INSEAD, World Intellectual Property Organization thirsting to move forward. (WIPO) AT Kearney and Confederation of Indian India has improved its innovation ranking in Industry (CII). n Setting up of Technology Acquisition and Development Fund overnment has notified the Scheme ii. Ten percent capital subsidy; for Technology Acquisition and GDevelopment Fund (TADF) under the iii. 25% grant to SMEs for expenditure incurred National Manufacturing Policy (NMP) to provide on Environmental and Water audits subject to funding support to SMEs for the acquisition and a maximum of Rs. 1 lakh in NIMZs; development of clean and green technology. The Scheme is applicable to all existing and new iv. Units practicing zero water discharge are Micro, Small and Medium Enterprises (MSMEs) eligible for 10% onetime capital subsidy including those in the National Investment and on the relevant equipment/systems subject Manufacturing Zones (NIMZs) in respect of their to actual usage for one year and third party investments made after notification of the Scheme. certification; and The fund provides subsidy of upto 10% of v. Access to the patent pool and/or part capital expenditure incurred on new plant and reimbursement of technology acquisition machinery (on procuring plant and machinery) costs upto a maximum of Rs. 20 lakhs for for manufacturing units for controlling pollution, acquiring appropriate technologies patented reducing energy consumption and for water upto a maximum of 5 years generally, prior to conservation, subject to a maximum of Rs. 50 lakhs. the date of submission of the project. The incentives consist of: This information was given by the i. Five percent interest reimbursement of the Commerce and Industry Minister Smt. Nirmala nominal interest charged by Sitharaman in a written reply in Rajya Sabha on lending agency; August 10 , 2016. n th August, 2016 53
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