Sidbi Fund To Polish Ssi Product Quality

The Small Industries Development Bank of India will step up a Rs 200-crore technology development and modernisation fund to assist small units acquire ISO-9000 certification. The assistance for getting ISO-9000 certification, which is already being provided by the bank at prime lending rate and without upfront fee, would be given to more SSI units through the TDMF scheme, Sidbi managing director Sailendra Narain said. Sidbi has tied up with Small Industries Development Organisation for channelising the government subsidy. The scheme provides for meeting 75 per cent of the cost of acquisition of the certificate, subject to maximum of Rs 75,000 to the first 200 units acquiring the certification with the banks loan.