The government of india constituted the technology development board (tdb) in september 1996, under the technology development board act, 1995, as a statutory body, to promote development and commercialization of indigenous technology and adaptation of imported technology for wider application. The board consists of 11 board members. The tdb is the first organization of its kind within the government framework with the sole objective of commercializing the fruit of indigenous research. The board plays a pro-active role by encouraging enterprises to take up technology oriented products. Provides equity capital or loans to industrial concerns and financial assistance to research and development institutions. The loan carries a simple interest rate of 5% per annum.
The fund has been receiving grants from the government of india out of the cess collections from the industrial concerns under the provisions of the research and development cess act, 1986, as amended in 1995. Any income from investment of the amount of the fund and the recoveries made of the amounts disbursed from the fund are credited for building up the fund. The finance act, 1999, enabled full deductions to the donations made to the fund for income tax purposes.
Agriculture & healthcare project
Chemical and energy & waste utilization projects
Engineering & electronics projects
It & telecommunication projects
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