A Concise History of Indian Finance The TDB is the first Business of its kind For building up the Fund the amounts disbursed from the Fund are blamed. The The Fund Was Getting grants from the Government of Fund Act enabled deductions into the donations The board includes 11 Board members. The Board was reconstituted by the Government .

Offers equity capital or loans to industrial concerns and Aid to development and research associations. The loan includes a simple interest rate of 5\% per annum. With its pro-active stance the Board:

Facilitates interaction between industry, scientists, technocrats and specialists
Fosters and innovation culture through contract and cooperative research between industry and institutions
Provides an interface with financial institutions and commercial banks such as leveraging capital
Facilitates the introduction of new generation of entrepreneurs
Assists partnerships with other, similar technology funding bodies
Provides vistas for venturing into suburban places
Creates new project opportunities.

India from the Ranges from the industrial concerns under the Provisions of the Research and Development Cess Act, 1986, as amended in 1995. Government frame of commercializing the fruit of research that is indigenous, with the objective. The Board plays with a role that is pro-active by encouraging enterprises to take up technology oriented goods.

Any income from the recoveries made of as Well as investment of the amount of the Fund