Amended Technology Up-Gradtion Fund Scheme (ATUFS)
DURATION OF THE SCHEME
The scheme will be effective from the date of 13/01/2016 to 31/03/2022.
There would be an online pre-authorization system for each eligible application by the Textile Commissioner, Mumbai. Applications would be processed on a first come first served basis, subject to eligibility and availability of funds. Request for UID shall be entertained only within 6 months from the date of sanction of a term loan.
Eligible Segment Under the scheme
|1||Weaving, Weaving Preparatory and Knitting|
|2||Processing of fibres, yarns, fabrics, garments and made-ups.|
|4||Garment / Made up manufacturing|
Quantum of Capital Subsidy
|Sr. No.||Segments||RATE OF CAPITAL
INVESTMENT SUBSIDY (CIS)
|CIS PER INDIVIDUAL
|1||Garmenting, Technical Textiles||15 % on eligible Machines||Rs. 30 crores|
|2||Weaving for brand new Shuttle-less Looms (including weaving preparatory and knitting), Processing, Jute, Silk and Handloom.||10% on eligible Machines||Rs. 20 crores|
|3||Composite unit / Multiple Segments – If the eligible capital investment in respect of Garmenting and Technical Textiles category is more than 50% of the eligible project cost.||15 % on eligible Machines||Rs. 30 crores|
|4||Composite unit / Multiple Segments – If the eligible capital investment in respect of Garmenting and Technical Textiles category is less than 50% of the eligible project cost.||10% on eligible Machines||Rs. 20 crores|