Lok Sabha Question No. 3135 (UNSTARRED), answered on 2021-08-06
Subject: Term Loan to Companies for R&D
Ministry: SCIENCE AND TECHNOLOGY
Asked by: A. Chellakumar, M. Selvaraj

## GOVERNMENT OF INDIA MINISTRY OF SCIENCE AND TECHNOLOGY DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH

## LOK SABHA

UNSTARRED QUESTION NO. 3135 (TO BE ANSWERED ON 06.08.2021)

## TERM LOAN TO COMPANIES FOR R&D

## 3135. DR. A. CHALLAKUMAR: SHRI M. SELVARAJ:

Will    the    Minister of SCIENCE AND TECHNOLOGY विज्ञान  एिं  प्रौद्योविकी  मंत्री be pleased to state:

- (a)   whether  CSIR  has  sanctioned  soft  term  loan  to  various  companies  for R&D during the last three years;
- (b)   if  so,  the  details  thereof  and  the  criteria  adopted  for  sanctioning  the loans;
- (c)   the number of companies provided loan, the term of loan and the name of projects  for  which  loan  was  extended  along  with  the  present  status  of loan recovery; and
- (d)   whether  any  company  has  turned  sick  after  getting  loan  and  if  so,  the
- details thereof?

## ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) OF SCIENCE AND TECHNOLOGY AND EARTH SCIENCES

## (DR. JITENDRA SINGH)

- (a) Yes.  Council  of  Scientific  &  Industrial  Research  (CSIR)  has  sanctioned soft loan to eight companies for R&D during the last 3 years.
- (b) Council of  Scientific  &  Industrial  Research  (CSIR)  provides  soft  loan  for R&D activities to companies under the New Millennium Indian Technology Leadership Initiative (NMITLI) Scheme. The financial support to industry is in  the  form  of  soft  loan  with  3%  interest.  The  loan  is  repaid  in  annual installments over a period of 10 years. Criteria adopted for granting loan is  based  on  selection  of  project  through  CCEA  approved  procedure involving rigorous screening and project review. The criteria for selection of the project are based on novelty of the proposal, potential technological  benefits  and  the  ability of industry  to  capture  those benefits.
- (c) Name of  companies,  name  of  projects,  amount  of  loan  given,  period  of loan given during last 3 years are given in Annexure-I.
- (d) None of the companies which received loan from CSIR during last 3 years has reported sick after taking the loan.

*****

## Annexure-I

|   S.No. | Year    | Project Name                                                                                                                                                                         | Company Name                            |   Loan paid (Rupees in lakh) | Duration                             | Loan repayment Status                                                          |
|---------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|------------------------------|--------------------------------------|--------------------------------------------------------------------------------|
|       1 | 2017-18 | Demonstration and Validation of a LT- PEMFC system for automotive application                                                                                                        | KPIT, Pune                              |                       187.55 | 3.10 years (June 2016 to March 2020) | Loan repayment started from October 2020 and one installment received on time. |
|       2 | 2017-18 | Kappaphycusalvarezii and red seaweed based formulations for improving productivity and health of dairy and poultry animals                                                           | Aquaagri Processing , New Delhi         |                        75    | 2.5 years (April 2016 to Sept. 2018) | Loan repayment started April 2019 and three installments received on time.     |
|       3 | 2017-18 | Automation of Ghani operation through vacuum conveying system                                                                                                                        | Fare Labs, Gurgaon                      |                       481.67 | 1.9 years (May,2016 to Feb.2018)     | Loan repayment started August 2018 and three installments received on time.    |
|       4 | 2020-21 | Dev. of Mycobacterium W for COVID-19: Safety and efficacy trial in critically ill, hospitalized and at risk patients                                                                 | Cadila Pharma Ltd., Ahmedabad           |                        69.16 | Extended upto Sept. 2021             | Yet not due.                                                                   |
|       5 | 2020-21 | Development of innovative eco-friendly/ formaldehyde free fluorecent pigments for vast array of water and solvent based applications                                                 | Aron Universal Ltd., Bengaluru          |                       145.29 | 1.9 years (Started Jan.2021)         | Yet not due.                                                                   |
|       6 | 2021-22 | Development of Novel DPP IV Inhibitor - Phase III study                                                                                                                              | Cadila Pharmaceuti cals Ltd., Ahmedabad |                      1057.27 | 2 years (June 2021)                  | Yet not due.                                                                   |
|       7 | 2021-22 | Industrially scalable ashwagandha (Withania somnifera) charged formulation for better bone health                                                                                    | Pharmanza Herbal Pvt. Ltd., Gujarat     |                        20.25 | 3 years (June 2021)                  | Yet not due.                                                                   |
|       8 | 2021-22 | Dev., manufacturing and marketing of Micro Raman Spectrometer system with additional capabilities of carrying out photo- luminescence spectroscopy and optical emission spectroscopy | TechnoS Instruments, Jaipur             |                       125.5  | 1 year (June 2021)                   | Yet not due.                                                                   |