Amended Technology Upgradation Fund Scheme (ATUFS)
1. Administered By:
Ministry of Textile Government of India
2. Validity Period:
The scheme is in operational till 31.03.2022.
3. Who will be Eligible?
All Textile Units (MSME/Large) is eligible under this scheme
4. Assistance Available:
Capital subsidy @ 10% (Maximum Rs. 20 Crores) of the basic cost of eligible plant and machinery to units engaged in normal textile and @ 15% (Maximum Rs. 30 Crores) for Technical Textile manufacturer.
5. Basic Conditions of Scheme:
Application for UID to be filed within 6 months from the date of sanction of term loan.
Application for JIT to be filed within 1 year from the date of sanction of term loan.
The Plant and Machineries purchased on or after approval of Term Loan will be eligible under Scheme. However, the unit is allowed to make advance payments up to margin money.
Machinery and Suppliers of machinery has to be registered as per guidelines of Ministry.
