TUF Schemes

TUFS CELL

Technology Upgradation Fund Schemes CELL

Our Bank has been appointed as "Nodal Agency" for implementation of the following Schemes, subsidy will be claimed from respective ministries accordingly.

Technology Upgradation Fund Scheme (TUFS) of Ministry of Textiles.
Credit Linked Capital Subsidy Scheme (CLCSS) for Technology upgradtion of SME's of Ministry of Micro Small Medium Entrepreneurs.(MOMSME)
Subsidy for Sugar Industries (SOFT LOAN 2018-19) of Ministry of Food, Civil & public distribution.

I) TUFS:

Scheme operated by Ministry of Textiles, Govt. of India thro’ Office of the Textile Commissioner, Mumbai
Old TUFS: TUFS introduced in 1999 and was in vogue till 31.03.2007.
Modified TUFS (MTUFS): From 01.04.2007 to 28.06.2010
Black out period: 29.06.2010 to 27.04.2011
Revised TUFS (RTUFS): From 28.04.2011 to 31.03.2012. Extended upto 31.03.2013
Revised Restructured TUFS (RRTUFS): From 01.04.2012 to 12.01.2016
Amended TUFS (ATUFS): from 13.01.2016 to 12.01.2022

The New Scheme (ATUFS) is in force from 13.01.2016

Scope of the Scheme: The Scheme is available for modernisation / expansion of existing units and for setting up of new units with benchmark level of technology in textile and jute industry

Activities covered:

Weaving, weaving preparatory & knitting, Processing of fibres, yarns, garments & made-ups, Technical textiles, Garment / made-up manufacturing, Handloom sector, Silk Sector, Jute sectorJute Industry.

The Technology Upgradation Fund Scheme envisages the following;

SI. No	Segment	Rate of Capital Investment Subsidy (CIS)	CIS per individual entity
1.	Garmenting, Technical Textiles	15% on eligible Machines	Rs.30 crore
2.	Weaving for brand new Shuttle-less Looms (incldg. Weaving preparatory and knitting), processing, Jute, Silk and Handloom.	10% on eligible Machines	Rs.20 crore
3(a)	Composite unit /Multiple Segments – If eligible capital investment in respect of Garmenting and Technical Textiles category is more than 50% of eligible project cost.	15% on eligible Machines	Rs.30 crore
3(b)	Composite unit/ Multiple Segments – If eligible capital investment in respect of Garmenting and Technical Textiles category is less than 50% of eligible project cost.	10% on eligible Machines	Rs.20 crore

This is administered directly by the Textile Commissioner's Office Mumbai.

II) Credit Linked Capital Subsidy Scheme (CLCSS) of MOMSME.
Scheme is continued from retrospective effect from 01.04.2017 to 31.03.2020.Objective: The Scheme aims at facilitating technology upgradation by providing 15% upfront capital subsidy for General category and 25% upfront capital subsidy for SC/ST category to Micro small and medium entrepreneurs including tiny khadi village and coir industrial units on institutional finance availed for induction of well established and improved technologies in the specified sub sector / products approved under the scheme.

As per information received from Ministry of MSME the scheme is continued for SC/ST beneficiary for the FY 2020-21. The detailed guidelines are awaited.

III) Ministry of Food, Civil and Public Distribution

1. SEFASU-2014:
The scheme was in operational for 5 years from June 2014 to June 2019.

2. Soft Loan 2018-19:
Government of India, Ministry of Food, Civil & Public Distribution, Department of Food & Public Distribution (DFPD) vide Gazette Notification dated 02.03.2019 notified the Scheme for extending Financial assistance to Sugar Undertakings with a view to improve their liquidity position for enabling them to clear cane price arrears of previous sugar seasons and timely settlement of cane price of current sugar season due to farmers, relating to the Fair and Remunerative Price (FRP) fixed by the Central Government, under the “Scheme for Extending Soft Loan to Sugar Mills to facilitate payment of cane dues of the farmers for the current sugar season 2018-19”.

The concerned units will be eligible for 7% Interest Reimbursement subsidy for a maximum period of 1 year from the date of disbursement for loan. NABARD is the Nodal Agency. Loan sanctioned up to 31.07.2019 and disbursed by 31.08.2019 would be covered under the scheme.