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The technology development which has taken place in various industries has also spread to small scale
industries and to meet the requirements of technology upgradation, a separate fund has been set up by
SIDBI, through which it provides Technology upgradation equipment finance.
Venture capital:
Venture capital fund for the promotion of new entrepreneurs has been set up. For this purpose, IDBI,
the holding company of SIDBI provides funds. New ventures in different areas with high technical know
how is encouraged under the scheme. Though this scheme is in the initial stage, this will promote more
new small scale industries.
