Powerloom Industry in India
Amended Technology Upgradation Fund Scheme (ATUFS)
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Amended Technology Upgradation Fund Scheme (ATUFS)
Objectives
- To provide one time Capital Subsidy for investments in employment and technology intensive segments of the textile value chain.
10% CAPITAL INVESTMENT SUBSIDY (CIS) SUBJECT TO A CEILING OF Rs 20 CRORE FOR :
- Brand New shuttleless looms
- Weaving Preparatory
- Processing
- Composite unit / Multiple Segments (If the eligible investment in respect of Garmenting & Technical Textiles is less than 50% of the eligible Project Cost)