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.
CUT-OFF DATE
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
| Sr. No. | Segments |
|---|---|
| 1 | Weaving, Weaving Preparatory and Knitting |
| 2 | Processing of fibres, yarns, fabrics, garments and made-ups. |
| 3 | Technical Textiles |
| 4 | Garment / Made up manufacturing |
| 5 | Handlooms |
| 6 | Silk |
| 7 | Jute |
Quantum of Capital Subsidy
| Sr. No. | Segments | RATE OF CAPITAL INVESTMENT SUBSIDY (CIS) |
CIS PER INDIVIDUAL ENTITY |
|---|---|---|---|
| 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 |