Facts for Prelims (FFP)
Source: PIB
Context: The Technology Development Board (TDB) and the Small Industries Development Bank of India (SIDBI) have formed an alliance to support the Micro, Small, and Medium Enterprise (MSME) sector.
About Technology Development Board (TDB)
It is a statutory body established (in 1996; under the Department of Science and Technology) to promote the development and commercialization of indigenous and imported technology. It consists of 11 board members and provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.
The TDB has supported the establishment of the Global Innovation & Technology Alliance (GITA) ( a not–for–profit Public Private Partnership (PPP) company to encourage industrial investments in innovative technology solutions)
About SIDBI
