Small Industries Development Bank of India Grants for Small Scale Industries in the Locks and Machine Tools Clusters

National Programmes for Development of Indian Locks and Machine Tool Industries are strategically being implemented with Small Industries Development Bank of India (SIDBI) and EXIM Bank of India as project partners. The All India Financial institutions have been involved in the project from the point of view of developing a complete financial package enabling Indian small-scale sector to upgrade and export. The National Programme aims to develop competitiveness of the Indian Small Scale sector to international standards. During this process, they need comprehensive financial support of international standard. By ensuring participation of SIDBI and EXIM in both the programmes, such solutions are being made available. Apart from this , SIDBI has also granted Rs. 22 lakhs for conducting technology modernization and infusions programmes. Rs. 12 lakhs have been granted, to Lock Industry for conducting programmes at Dindigul and Aligarh lock clusters in the areas of Lock smithy trainings. Application of CAD in product development. Making of Tools and dies using CNCs, Surface finish and packaging. For small-scale units situated at various machine tools clusters, Rs. 10 lakhs have been granted by SIDBI for implementing technology upgradation measures. These programmes are being implemented shortly in consultation with the industry.