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Technology and Quality Upgradation (TEQUP) Scheme

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.

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