The Technology Upgradation Fund Scheme envisages the following;
Rate of Capital
Garmenting, Technical Textiles
15% on eligible
Weaving for brand new Shuttle-less
Looms (incldg. Weaving preparatory and knitting), processing, Jute, Silk and Handloom.
10% on eligible
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
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
This is administered directly by the Textile Commissioners 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.There is no continuation of the same from 01.04.2020.
As per information received from Ministry of MSME the scheme is continued for only SC/ST beneficiary for the FY 2020-21 only. There is no continuation of the same from 01.04.2021.
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.
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: The scheme was in operation for 1 year upto June 2020. 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.
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.