What you get
- Financial Assistance: Covers 70% of the cost of technology acquisition, up to ₹50,00,000/-.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the "Dr. Babasaheb Ambedkar Udyog Uday Yojana"?
It is a special scheme introduced under the Industrial Policy 2020 to provide financial assistance and support to Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs in the MSME sector.
What sectors are prioritized under the Industrial Policy 2020?
The policy prioritizes industries such as Auto and Auto Components, Chemicals and Petrochemicals, Pharmaceuticals, Cement, Textiles, Engineering, Gems and Jewellery, and Ceramics.
How does the scheme promote export competitiveness?
The scheme emphasizes "Vocal for Local to become Global," strengthening integrated value chains and encouraging MSMEs to enhance their export potential.
What is the duration of the scheme?
The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.
What is the primary objective of the "Assistance for Technology Acquisition" scheme-component?
The scheme-component aims to support enterprises by providing financial assistance for acquiring appropriate technology to enhance their products or processes.
Who is eligible to apply for the Assistance for Technology Acquisition scheme?
Any new or existing enterprise engaged in manufacturing or process improvement is eligible to apply for the scheme.
What percentage of the technology acquisition cost does the scheme cover?
The scheme covers 70% of the total cost of technology acquisition, subject to a maximum of [?]50 lakh.
Does the scheme provide financial assistance for royalty payments?
Yes, the scheme includes assistance for royalty payments for the first two years.
Can an enterprise use the scheme to purchase machinery or equipment?
No, the scheme does not provide assistance for the purchase of plant, machinery, or equipment.
What is the time limit for signing an MoU, agreement, or contract with a technology provider?
The enterprise must sign an MoU, agreement, or contract within one year of receiving approval.
Is prior approval from the MSME Commissionerate required before applying?
Yes, enterprises must obtain prior approval from the MSME Commissionerate before applying for the scheme.
Are service-based businesses eligible to apply for this scheme?
No, the scheme is only applicable to manufacturing and process improvement enterprises.
Can an enterprise acquire technology from a foreign company under this scheme?
Yes, the scheme allows enterprises to acquire patented technology from both Indian and foreign companies.
What happens if an enterprise fails to sign an agreement within one year?
If an enterprise fails to sign the agreement within one year, it will not be eligible for assistance under the scheme.