Govt approves Amended TUF Scheme for textile sector

摘要

The government decided to introduce the Amended Technology Upgradation Fund Scheme (ATUFS) for the textile and garment sector and approved a total allocation of Rs. 17,822 crore to clear pending claims as well as roll out the new scheme. Textile secretary Sanjay Kumar Panda told recently the Cabinet Committee on Economic Affairs also ended the interest subsidy being provided for investments made under the extant TUFS and decided to provide only the capital subsidy.