A total Capital Investment subsidy of Rs. 1,416.50 crore has been released in 6,448 cases under Amended Technology Upgradation Fund Scheme (ATUFS) in the last three years (FY 2020-21 to FY 2022-23).
Introduced by the Ministry of Textiles, this scheme aims to facilitate investment, employment, productivity, quality and import and export substitution in the textile industry. It also indirectly promotes investments in the manufacturing of machinery for textiles.
Furthermore, under the committed liabilities of old versions of TUFS, a total of Rs. 439.43 crore has been disbursed as Interest Reimbursement/Margin Money Subsidy; hence, the total release under ATUFS during the last three years has been Rs. 1,855.93 crore nationwide.
Capital Investment subsidy of Rs. 166.69 crore has been released in 545 cases under ATUFS and Rs. 9.38 crore has been disbursed as Interest Reimbursement/Margin Money Subsidy under the committed liabilities of old versions of TUFS to the units located in the State of Tamil Nadu making total release under ATUFS as Rs. 176.07 crore. Total number of 1,117 energy saving machines have been incentivized under ATUFS during last five years.
Subsidy released for Garment/Made-up manufacturing for 2022-2023 was Rs. 35.11 crore, for Processing of fibres, yarn fabrics, garments and made-ups it was Rs. 55.45 crore, for Technical Textiles and non – wovens it was Rs. 46.89 crore, for Stand alone Spinning it was Rs. 18.31 crore, for Weaving / Knitting it was Rs. 335.40 crore, for Multi Activity it was 180.7 crore and for the Others category, it was 2.58 crore for a total of Rs. 674.40 crore for 2022-2023
