Implementation of Amended Technology Upgradation Fund Scheme

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....mplementation of Amended Technology Upgradation Fund Scheme <br>News and Press Release<br>Dated:- 16-3-2017<br><BR>Press Information Bureau Government of India Ministry of Textiles 16-March-2017 15:20 IST The Ministry of Textiles is implementing 'Amended Technology Upgradation Fund Scheme (ATUFS)' with effect from 13.01.2016, for a period of seven years. Under ATUFS, there is a provision of o....

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....ne-time capital subsidy for eligible benchmarked machinery at the rate of 15% for garmenting and technical textiles segments with a cap of &#8377; 30 crore and at the rate of 10% for weaving, processing, jute, silk and handloom segments with a cap of &#8377; 20 crore. An outlay of &#8377; 17,822 crore has been approved for seven years to meet the committed liabilities of &#8377; 12,671 crore and &....

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....#8377; 5151 crore for new cases under ATUFS. While ATUFS covers Capital Investment Subsidy (CIS), earlier schemes of TUFS had provisions both for interest reimbursement as well as Capital Subsidy. Further ATUFS is targeted towards focused segments like garmenting and made-ups with additional 10% subsidy. The segments which have achieved desired level of modernization, i.e. spinning etc., have been....

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.... excluded under ATUFS. So far 2036 UIDs have been issued under ATUFS with expected employment generation of 45,659 against investments reported of &#8377; 5225.86 crore. TUFS is a Central Sector Scheme being implemented on pan India basis. However, under the Scheme subsidy is given to the units/entities through nodal financial institutions and not through the state govt. The details of the fund ....

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....provided under TUFS during the last three years and current year are given below: (Rs. in crore) 2013-14 2014-15 2015-16 2016-17 Funds under TUFS BE RE BE RE BE RE BE RE 2400.00 1956.16 2300.00 1946.02 1520.79 1434.78 1480.00 2621.98 A web based claim monitoring and tracking mechanism, "i-TUFS" has been developed for providing complete visibility to all stakeholders for smoo....

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....th and transparent implementation of the scheme. The above information was given by the Minister of State, Textiles, Shri Ajay Tamta today, in a written reply to a Lok Sabha question. *** GG/DJM<BR> News - Press release - PIB....