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ACE is a project funded by USAID and Industrial Credit and Investment
Corporation of India (ICICI) is the implementing agency for the project.
Eligible Organisations
Private commercial ventures and private co-operatives in the state of
Maharashtra will be eligible to recieve assistance under ACE.
Type of ACE activities
Three groups of activities have been identified:
-Loans to private sector
- Technical assistance
-Trade and investment tours
Loans to private Sector Agro-Business
All types of agro- business entrepreneurs in Maharashtra will be
eligible for ACE assistance
Technical Assistance
Chemonics International, which has its headquarters in Washington, D.C.
and field offices in Miami, BUdapest and Warsaw, will be providing
Techniocal Assistance (TA) to private firms in designing and /or
implementing innovative projects related to post-farm agriculture
development.
Trade and Investment Tours
ACE will organise and finance about 15 Trade and Investment (TI) tours
for entrepreneurs to visit firms in USA/India for building commercial
linkages. The request for TI should meet the objectives of the ACE
programme and preferably result in an ACE project.
Technical Assistance
Promoter's contribution at least 25% of the total TA cost and balance
as grant from ACE funds. TA would be provided for about 100 firms over
the seven year period of the ACE project.
Trade and Investment tours
Promoter's contribution at least 25% of the TA cost and the balance as
grant from ACE funds. The Mahrashtra Chamber of Commerce and Industries
(MCCI) , Pune would be assisting ICICI for the promotion of the ACE
project. Project proposals submitted by the entrepreneurs will be
evaluated by ICICI for approval. ICICI has formed an ACE Group in its
technology division for implementing the ACE project.
For Further Information please contact:
Mr. Arjan Advani, General Manager
The Industrial Credit & Investment Corpn. of India Ltd.
Scindia House, 5th Floor , N.M. Marg,
Ballard Estate, Bombay- 400 038
Tel.. No. 2618251
Telex No. 011-84458
ICIC IN Gram: CREDCORP Bombay
Fax: 022-2625444 |
