Technology Upgradation Fund Scheme (TUFS)

Gujrat State Goverment Benefits

Technology Upgradation Fund Scheme (TUFS)

1. Name of the Scheme

Amended Technology Upgradation Fund Scheme (ATUFS)

2. Governed By

Ministry of Textiles (Central Government)

3. Operative Period

From : 13.01.2016
To : 31.03.2022

4. Who will be eligible?

  • Any new or existing unit who is engaged in Single or Multiple Textile Product Manufacturing and having SSI / MSI / IEM certificate from concern departments.
  • Machine will be eligible as per TUFS guidelines issued by Ministry of Textiles time to time.
  • All Public Sector Banks, State Financial Corporation’s (SFCs), State Industrial Development Corporations (SIDCs), Schedule Banks and NBFCs Registered with RBI are eligible under the scheme.

 

5. Assistance Available

Subsidy benefits of ATUFS scheme will be as under:

Sr. No. Scheme Segment Max. Subsidy Amt. Unit Eligible
1 15% Capital Subsidy Garmenting, Technical Textile Rs. 30.00 Crore All Scale (i.e. Micro, Small, Medium & Large)
2 10% Capital Subsidy Weaving, Knitting, Independent
Weaving Preparatory, Processing, Jute, Silk and Handloom		 Rs. 20.00 Crore All Scale (i.e. Micro, Small, Medium & Large)
3a 15% Capital Subsidy Composite Unit – If the eligible capital investment in respect of Garmenting & Technical Textiles category is more than 50% of the eligible project cost Rs. 30.00 Crore All Scale (i.e. Micro, Small, Medium & Large)
3b 10% Capital Subsidy Composite Unit – If the eligible capital investment in respect of Garmenting & Technical Textiles category is less than 50% of the eligible project cost Rs. 20.00 Crore All Scale (i.e. Micro, Small, Me ium & Large)

6. Basic Conditions of Scheme

  • Term Loan is Compulsory.
  • The promoter’s contribution is must be 15% but not more than 50%.
  • Unit must have to apply within 6 months from term loan sanction date for avail the subsidy benefits.
  • Machine manufacturer must be registered with Ministry of Textiles.
  • Make and year of manufacture & MIC Code Number should be clearly indicated on machine.
  • Machine Serial Number should be mentioned in Invoice.
  • If unit is existing and subsidy taken in past in the said scheme then he will be eligible for balance subsidy amount only as specified limit in above table.
  • Term Loan period should not be for less than 3 years including moratorium period for Micro, Small and Medium units and not less than 5 years for other Categories.
  • Unit must have to make digital signature for applying in ATUF scheme.

 

7. Segments Covered

  • Independent weaving preparatory;
  • Weaving;
  • Knitting;
  • Non-Wovens and converters of non-Wovens;
  • Technical Textiles;
  • Garment manufacturing;
  • Made-up manufacturing;
  • Processing of fibres, yarn fabrics, garments and made-ups;
  • Jute Industry;
  • Silk sector (i.e,. reeling, twisting, spinning, and weaving);
  • Handloom weaving
  • Multi-activities (Units with two or more activities simultaneously except composite Upgradation mentioned above). In case of multi-activities the name of the activities may be mentioned.