What is TUF scheme?
The Government of India (GoI), Ministry of Textiles (MoT), introduced Technology Upgradation Fund Scheme (TUFS) for Textile and Jute Industries on April 1, 1999, for a period of 5 years, subsequently extended by 3 years to cover sanctions up to March 31, 2007.
How do I apply for TUFS subsidy?
Application for Amended TUFS subsidy can be made through the iTUFS online portal – introduced by the Ministry of Textiles. The new online system aims to bring transparency in the entire subsidy claim process. To apply for the Amended TUFS subsidy, an application can be submitted through the online iTUFS online portal.
What is textile upgradation fund?
This scheme would facilitate augmenting of investment, productivity, quality, employment, exports and import subsitution in textile industry. It will also indirectly promote investment in textile machinery manufacturing.
What is technical upgradation?
Technology upgradation means use of efficient, waste reducing, quality improving, power efficient tools, plants and Machinery in in existing wood based units.
Who provides assistance under textile modernization fund scheme?
Financial Assistance Grant-in-Aid (GIA) is provided to the PSCs of TRAs/ State Govt. agencies for the recurring expenses for running the PSCs. The Govt. assistance will be provided for modernization and upgrading the Powerloom Service Centres with the facilities which are required in the cluster.
What is Scheme for Integrated textile Park?
SITP
Scheme for Integrated Textiles Parks in 11th five year plan. To provide the industry with world-class infrastructure facilities for setting up their textile units, the Scheme for Integrated Textile Park (SITP) was approved in July 2005 to create new textile parks of international standards at potential growth centers.
What does Tufs mean?
TUFS
| Acronym | Definition |
|---|---|
| TUFS | Tokyo University of Foreign Studies (Japan) |
| TUFS | Technology Upgradation Fund Scheme |
| TUFS | Textile Upgradation Fund Scheme (Ministry of Textiles; India) |
| TUFS | The Useful Free Site |
What is the maximum amount of subsidy available under the Credit Linked Capital Subsidy Scheme?
Rs 15 lakh
Under the scheme, 15 per cent capital subsidy, limited to maximum of Rs 15 lakh is provided to the eligible MSEs for upgrading their technology with the well-established and improved technology as approved under the scheme.
What are the objectives of technology upgradation?
To reduce cost, improve productivity and quality, increase the competitiveness of industry nationally and internationally and go for latest state of art of technology diversification plans to build industry competence and aim at expansion.
What is technology transfer?
Technology transfer (TT) refers to the process of conveying results stemming from scientific and technological research to the market place and to wider society, along with associated skills and procedures, and is as such an intrinsic part of the technological innovation process.
What is PLI scheme for textile?
The idea of Production Linked Incentive (PLI) Scheme, announced for textiles by the government, was to create huge employment opportunities and extend support to companies that were interested in scaling up business in the sector, a senior government official said here.
What are technical textiles used for?
Technical textiles are used in different forms in various industries like construction, transport, agriculture, medical, hygiene, and sporting. In industrial manufacturing operations technical textiles are used for filters, machine clothing, conveyor belts, and abrasive substrates.
Which is the new technology upgradation fund scheme?
The ATUFS replaces the existing Revised Restructured Technology Upgradation Fund Scheme (RR-TUFS) to give a boost to the textile sector under the Make in India campaign. Know in detail about the Make in India Campaign on the linked page.
What does amended technology upgradation scheme ( atufs ) do?
Amended Technology Upgradation Scheme (ATUFS) provides much-needed support to an apparel manufacturer and exporter in upgrading the technology to a globally accepted benchmark that will ensure the export of quality goods to international markets.
When did the TUFS scheme start in India?
The Government of India (GoI), Ministry of Textiles (MoT), introduced Technology Upgradation Fund Scheme (TUFS) for Textile and Jute Industries on April 1, 1999, for a period of 5 years, subsequently extended by 3 years to cover sanctions up to March 31, 2007.
What is the capital subsidy under atufs scheme?
Under ATUFS, there is a provision of a one-time capital subsidy for eligible benchmarked machinery at the rate of 15% for garments. The ATUFS replaces the existing Revised Restructured Technology Upgradation Fund Scheme (RR-TUFS) to give a boost to the textile sector under the Make in India campaign.