Finance for technology Upgradation 

Small enterprises look to external sources of funding for upgrading technology as withdrawing money from business entails its own costs. In India, a Technology Upgradation and Modernisation Fund and a Hire Purchase Scheme attempts to meet this requirement. These are however, funds at normal lending costs. A new scheme called Credit Linked Capital Subsidy Scheme for Technology Upgradation in small industries has been put into place to reduce the cost of funds.