The fund recipient company must repay 50% of the total approved amount. The zero interest payment will begin in the third year on instalment basis for a period of not more than 24 months. The payment may be made in cash or in kind (in the form of CSR activities, provision of training etc. to [...]
The payback scheme is part of the new policy instituted by the government under RMKe-11.
The duration of the funding is four (4) years: two (2) years for implementation and monitoring; and two (2) years for the payback scheme.
The eligible expenses under CRDF 3 are as follows: Equipment Technology acquisition Advertising, marketing, and promotion Intellectual property and standards compliance Value added services For further details on eligible expenses, click here.