Technology Development Board Act, 1995
6. Functions of the
Board. The Board may-
- provide equity
capital, subject to such conditions as may be determined
by regulations, or any other financial assistance
to industrial concerns and other
agencies attempting commercial application of indigenous
technology or, adapting imported technology of
wider domestic applications;
- provide financial
assistance to such research and development
institutions engaged in developing indigenous technology
or adaptation of imported technology
for commercial application, as may be recognized by the Central
Government;
- Perform such other
functions as may be entrusted to it by the entral
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