Government Launches TADF to Support SMEs with 10% Subsidy for Clean Tech in Manufacturing Sectors.

The government has launched the Technology Acquisition and Development Fund (TADF) under the National Manufacturing Policy to support SMEs in acquiring and developing clean technology. The scheme, applicable to MSMEs including those in National Investment and Manufacturing Zones, offers a subsidy of up to 10% on capital expenditure for pollution control, energy reduction, and water conservation, capped at Rs. 50 lakhs. Incentives include interest reimbursement, capital subsidy, grants for environmental audits, subsidies for zero water discharge systems, and support for technology acquisition costs. This initiative was announced by the Commerce and Industry Minister in the Rajya Sabha.