State
Uttar Pradesh
-
January 13, 2016
The Amended Technology Upgradation Fund Scheme (ATUFS)
Textile
Summary
ATUFS offers a 25% Capital Investment Subsidy to modernize textile and jute units. With caps up to ₹30 Cr, it aids new or expanding ventures linked to term loans. Applications are processed online via the iTUFS portal, requiring physical machinery verification.
Eligibility
- Handloom, Silk, Jute, Technical Textiles, Garments/Made-ups, Fibre/Fabric/Yarn Processing, Weaving/Knitting.
- New, expansion, or modernization of existing textile and jute units.
Documents
- Capital Investment Subsidy (CIS), Around 25% on purchase of eligible plant & machinery, with specific caps (e.g., Rs. 30 crore for Garmenting/Technical Textiles, Rs. 20 crore for others).
- Linked to term loans, requires physical verification of machinery, and is subject to availability of funds.
Subsidy/Benefits
Online through the iTUFS portal.
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