Amended Technology Upgradation Fund Scheme (ATUFS) | Latest Government Schemes in India | Updated Government Schemes in India | SaraNextGen

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Amended Technology Upgradation Fund Scheme (ATUFS)

Ministry of Textiles

With Aim of 'Make in India' and 'Zero Defect and Zero Effect' in manufacturing, the government provides credit linked capital investment subsidy. This scheme would facilitate augmenting of investment, productivity, quality, employment, exports and import subsitution in textile industry. It will also indirectly promote investment in textile machinery manufacturing.

Scheme Benefits & Highlights

• Every eligible individual entity (not the unit) will be entitiled for reimbursement of Capital Investment Subsidy (CIS) under this scheme, as per the following rates:

Second hand machineries will not be eligible and for more details about the type of machineries eligible under this scheme, please visit: http://texmin.nic.in/schemes/technology-upgradation-fund-scheme

Eligibility

Only those entitites that fall under the following sectors are eligible to apply:

• Weaving, Weaving Preparatory and Knitting
• Processing of fibres, yarns, fabrics, garments and made up
• Handloom Sector
• Silk Sector
• Jute Sector
• Garmet/Made up manufacturing
• Texhnical textiles

Registration Process

After installation of machinery the applicant will have to make an online application for joint inspection.

The documents required and process can be found out at: http://texmin.nic.in/schemes/technology-upgradation-fund-scheme