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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 SMEs 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
- Ministry of Textiles, Government of India has notified Amended Technology Upgradation Fund Scheme (ATUFS) with effect from 13.01.2016 to 31.03.2022.
- These applications would be considered by the Ministry of Textiles on first-cum-first-served basis and subject to the availability of budgetary provisions.
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
The New Scheme (ATUFS) is in force from 13.01.2016
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 Commissioners Office Mumbai.
O/o The Textile Commissioner, Ministry of Textiles, Government of India, Mumbai has, vide their Public Notice No. 5(2)/Physical Inspection/2022/ RTUFS/33 dated 31.03.2022, informed that their Competent Authority has accorded approval for opening up the window on i-TUFS portal once again for upload of six mandatory documents (as mentioned in the Public notice) in respect of cases under previous versions of TUFS (MTUFS,RTUFS & RRTUFS), during the period from 16.04.2022 to 30.04.2022, for facilitating constitution of Joint inspection Team and physical verification of the claimed machineries of ongoing accounts.
It has also been notified that all the concerned are requested to strictly adhere to the deadline and no further extension may be requested and may not be given.
For full details in this regard, please refer the above mentioned Public Notice, which is available on Ministry’s website http://www.txcindia.gov.in/.’’
Public Notice regarding Settlement of cases under previous versions of TUFS (MTUFS, RTUFS & RRTUFS)
The Textile Commissioner, Ministry of Textiles, Mumbai, vide their Public Notice bearing no. 5(2)/Policy Matters/2021/RRTUFS/151 dated 12.08.2022, has informed that the Inter Ministerial Steering Committee (IMSC) in its 6th meeting held on 28.04.2022 has decided the following for ongoing claims of all previous versions of TUFS, in which Unit/Bank has not submitted requisite documents/clarifications sought by Office of Textile Commissioner/Regional Office of Textile Commissioner:
- Two reminders to the Branch of the concerned Bank with a span of 21 days to submit revised documents/clarifications will be sent by Head Office/Regional Office of the Textile Commissioner, under intimation to the concerned Nodal Office of TUFS Cell of the Bank;
- A final notice by registered post with AD will be issued stating that within 21 days if the required reply or documents not received, the claim will be settled based on the documents available and provided by the Joint Inspection Team (JIT) to the Office of Textile Commissioner.
In pursuant to the above decision, Head Office/Regional Office of Textile Commissioner has already issued reminders/letters to the concerned Bank(s)/Nodal Banks/Units. If the clarification/reply/revised documents not received by Head Office/Regional Office within 21 days from the date of final notice, the subsidy fund received by the Unit will be recovered with penal interest @10% per annum, from the date of receipt of subsidy by the Unit through the concerned Bank to the date of refund, as permissible under rule of Govt. of India.
In pursuant to the above decision, Head Office/Regional Office of Textile Commissioner has already issued reminders/letters to the concerned Bank(s)/Nodal Banks/Units. If the clarification/reply/revised documents not received by Head Office/Regional Office within 21 days from the date of final notice, the subsidy fund received by the Unit will be recovered with penal interest @10% per annum, from the date of receipt of subsidy by the Unit through the concerned Bank to the date of refund, as permissible under rule of Govt. of India.
Further in order to expedite settlement of long pending cases under previous version of TUFS, IMSC, in its meeting held on 22nd July, 2022, has also decided that the units who have availed subsidy under the previous version of TUFS (MTUFS,RTUFS & RRTUFS) shall be issued two reminders seeking their willingness for physical verifications of machinery/assets by Joint Inspection Team (JIT) with a span of 21 days from the date of issue of letter by the concerned Regional Office of Textile Commissioner and a final notice by registered post with AD stating to communicate willingness within 21 days from the date of issue of final notice. Failing to submit the willingness for JIT Inspection within 21 days from the date of issue of final notice by registered post, subsidy released to the Unit through their lending agency(ies) will be recovered with penal interest @10% per annum from the date of receipt of subsidy to the date of refund.
For details, the above mentioned Public Notice may be referred, which is available on the website of the Textile Commissioner, Ministry of Textiles, Govt. of India at the following web link: