Technology and Quality Upgradation (TEQUP) Scheme

Technology and Quality Upgradation (TEQUP) Scheme

This scheme is implemented by Ministry of MSME for energy efficient technology for technology and quality upgradation support to MSMEs under the scheme of Technology and Quality upgradation support to MSMEs (TEQUP). This is one of the components of National Manufacturing Competitiveness Programme (NMCP). The main objective of the scheme is to sensitise the Indian MSMEs to upgrade their manufacturing processes towards the usage of Energy Efficient Technologies (EET). Our Bank is nominated by the Ministry of MSME as one of the implementing agencies for the said scheme.

The Government of India will provide financial support to the extent of  25% of the  project cost, for implementation of Energy Efficient Technologies (Energy saving minimum 15%) as per the approved Detailed Project Report (DPR) subject to maximum of Rs.10 lakhs per project.