Section 8
Grants and loans by the Central Government.
The Technology Development Board Act, 1995
About this Act
An Act to provide for the constitution of a Board for payment of equity capital or any other financial assistance to industrial concerns and other agencies attempting development and commercial application of indigenous technology or adapting imported technology to wider domestic applications and for matters connected therewith or incidental thereto.
The Central Government may, after due
appropriation made by Parliament by law, in this behalf, make to the Board grants and loans of such sums
of money as that Government may consider necessary.