- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Amended Technology Upgradation Fund
Ministry Of Textiles
Employment
Export
Import
Investment
Productivity
Details
The Ministry of Textiles introduced the Amended Technology Upgradation Fund Scheme (ATUFS). 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. It is a credit-linked subsidy scheme for capital investment in textile manufacturing under the Government of India’s Make in India and Zero Defect and Zero Effect initiatives.
Objectives
- Export and employment generation, especially to women, by encouraging the garment and apparel industry and increasing India’s share in global exports.
- Promotion of technical textiles for export and employment.
- Promotion of converting existing looms to better technology looms to improve quality and productivity.
- Encourage better quality in the processing industry and check the need for the import of fabrics by the garment sector.
Benefits
The eligible individual entities (not units) are entitled to get reimbursement of the Capital Investment Subsidy (CIS) according to the below rates:
- Weaving using new looms that are shuttle-less processing silk, handloom, and jute (includes weaving and knitting preparatory) at the rate of CIS 10% subject to the upper limit of Rs.20 crore
- Technical textiles and garments at the rate of CIS 15% subject to the upper limit of Rs.30 crore.
- Multiple composite units/segments where the capital investment for technical textiles and garments is less than 50% of the project cost at the rate of CIS 10% subject to the upper limit of Rs.20 crore.
- Multiple composite units/segments where the capital investment for technical textiles and garments exceeds 50% of the project cost at the rate of CIS 15% subject to the upper limit of Rs.30 crore.
Eligibility
The following entities are eligible to get the credit-linked subsidy under this scheme:
- Handloom sector
- Silk Sector
- Jute Sector
- Technical textiles
- Madeup/garment manufacturing
- Processing fibres, fabrics, made-up, garments and yarns
- Weaving preparatory and knitting
Application Process
Online
Step 1: A unit/applicant can apply for ATUFS after the machinery is installed for undergoing a joint inspection.
Step 3: Once the application is submitted, it will be forwarded to different stakeholders for verification.
Step 4: A Unique Identification Number (UID) is generated and provided to the applicants.
Step 5: Applicants can track the application online and can opt to get SMS/e-Mail updates about the application status through the UID.
Documents Required
No Documents required for this Scheme
Frequently Asked Questions
No FAQs available for this Scheme
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It seems you have already initiated your application earlier.To know more please visit
Apply Now
Check Eligibility
Amended Technology Upgradation Fund
Ministry Of Textiles
Employment
Export
Import
Investment
Productivity
Details
Benefits
Eligibility
Application Process
Documents Required
Frequently Asked Questions
The Ministry of Textiles introduced the Amended Technology Upgradation Fund Scheme (ATUFS). 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. It is a credit-linked subsidy scheme for capital investment in textile manufacturing under the Government of India’s Make in India and Zero Defect and Zero Effect initiatives.
Objectives
- Export and employment generation, especially to women, by encouraging the garment and apparel industry and increasing India’s share in global exports.
- Promotion of technical textiles for export and employment.
- Promotion of converting existing looms to better technology looms to improve quality and productivity.
- Encourage better quality in the processing industry and check the need for the import of fabrics by the garment sector.
Was this helpful?
Share
News and Updates
No new news and updates available
