Circular No. ES/79/2015-16 March 3, 2016
To:Members of the Council
Dear Member,
As you are aware, the Ministry of Textiles has introduced a new Scheme, “Amended Technology Upgradation Fund Scheme (ATUFS)” in place of the existing Revised Restructured Technology Upgradation Fund Scheme (RR-TUFS) for technology upgradation of the textiles industry. Of late the Ministry of Textiles had passed a Resolution for Amended TUFS (ATUFS) dated 13th January, 1.2016. In accordance to the said Resolution, the Ministry has laid down certain Guidelines of ATUFS vide No. 6/5/2015-TUFS dated 29th February, 2016 i.e.financial and operational parameters and implementation mechanism for ATUFS during its implementation period from 13.01.2016 to 31.03.2022.
The amended scheme would give a boost to “Make in India” in the textiles sector. It will also give a boost to employment generation and exports in the textile sector in a big way.
The ATUFS benefit is available for the benchmarked machinery under the Scheme for various Textile Sectors including Weaving, Weaving Preparatory and knitting, Processing of fibres, yarns, fabrics, garments and made-ups, Technical textiles, Garmenting/made-up manufacturing, Handloom Sector etc.
The detailed guidelines of the Amended Technology Upgradation Fund Scheme (ATUFS) is attached herewith.
Members please make a note of the above guidelines and do the needful accordingly.
Thanking You,
V.ANIL KUMAR
EXECUTIVE DIRECTOR
