Setting up Mini Tool Room & Training Centres under PPP Mode
Ministry of MSME, Government of India is implementing a scheme "Setting up Mini Tool Room & Training Centres under the PPP Mode", by rendering financial assistance to Private Partners/States/State Agencies .
The Tool Room facilities are the backbone of manufacturing sector as they create dies, tools, moulds, jigs, fixtures, gauges and precision components without which the production units cannot operate at all. The objective of the scheme is to develop more tool room facilities i.e. technological support to MSMEs, by creating capacities in the private sector for designing and manufacturing quality tools and also to provide training facilities in the related areas.
The scheme will be implemented in following 3 models in order of preference:
Private Partner, i.e, an individual, firm, company, association, NGO or society (Central PPP Model) - 40% of the project cost or Rs. 9.00 crore which ever is lesser.
SPVs set up by States in partnership with private partners. (State PPP Model):- 90% of the cost of machinery and equipments restricted to Rs. 9.00 crore.
State Govt or State Agencies, other than NGOs (Centre-State model)- 90% of the cost of machinery and equipments restricted to Rs. 9.00 crore.