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TUF Schemes

TUFS CELL

Technology Upgradation Fund Schemes CELL

 

Our Bank has been appointed as "Nodal Agency" for implementation of the following Schemes.

  1. Technology Upgradation Fund Scheme (TUFS) of Ministry of Textiles.
  2. Credit Linked Capital Subsidy Scheme (CLCSS) for Technology upgradtion of SME's of Ministry of Micro Small Medium Entrepreneurs.(MOMSME)
  3. Plan Scheme of Technology Upgradation of Food Processing Industries of Ministry of Food Processing Industries. (MOFPI),
  4. Scheme for extending assistance to Sugar Undertakings 2014 of Ministry of Food, Civil & public distribution (SEFASU -2014)

 

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 up to 31.03.2017. Further extention not yet communicated by Ministry.

Objective: The Scheme aims at facilitating technology upgradation by providing 15% upfront capital subsidy 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) Plan scheme of Technology Upgradation of Food Processing Industries (PSTU for FPI) of Ministry of Food processing industries (MOFPI).

Scheme is upto 01.04.2012 as nodal Bank and cases pending as on that date are being handled by the cell.

IV) Ministry of Food, Civil and Public Distribution – SEFASU-2014:

Government of India, Ministry of Food, Civil & Public Distribution, Department of Food & Public Distribution (DFPD) vide Gazette Notification dated 03/01/2014 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 Financial Assistance to Sugar Undertakings, 2014”.

The concerned units will be eligible for subsidy for a period of 5 years from the date of 1st disbursement for loans sanctioned during 2014.