TECHNOLOGY & QUALITY UPGRADATION (TEQUP) SCHEME
- This scheme is implemented by Ministry of MSME for Energy Efficient Technology for Technology and quality up gradation support to MSMEs under the scheme of Technology & Quality up gradation support to MSMEs (TEQUP). This is one of the components of National Manufacturing Competitiveness Programme (NMCP). The main objective of the scheme is to sensitize the Indian MSMEs to upgrade their manufacturing processes towards usage of Energy Efficient Technologies (EET). Our Bank is nominated by Ministry of MSME as one of the implementing agencies for the said scheme.
- 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 approved Detailed Project Report (DPR) subject to maximum of Rs.10.00 Lacs per project.