Technology Upgradation Fund 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 the losses as a result of international economic sanctions imposed on india following the success of the pokhran ii. Amended technology up gradation fund scheme (atufs): union minister of textiles piyush goyal reviewed the amended technology up gradation fund scheme (atufs) to boost the indian textile industry by enabling the ease of doing business, bolstering exports and fuelling employment. ministry of textiles had introduced technology upgradation fund scheme (tufs) in 1999 as a credit linked subsidy […]. The ongoing amended technology upgradation fund scheme (atufs) scheme was approved in 2016 with an outlay of rs. 17822 crore and implemented through the web based itufs platform. significance: the scheme promotes ease of doing business in the country and achieves the vision of generating employment and promoting exports through “make in india. The ministry of textiles had introduced technology upgradation fund scheme (tufs) in 1999. it is a credit linked subsidy scheme intended for modernization and technology up gradation of the indian textile industry. it aims at promoting ease of doing business, generating employment and promoting exports. Amended technology upgradation fund scheme (atufs) with aim of 'make in india' and 'zero defect and zero effect' in manufacturing, the government provides credit linked capital investment subsidy. this scheme would facilitate augmenting of investment, productivity, quality, employment, exports and import subsitution in textile industry.
Technology Upgradation Fund Scheme
Technology upgradation fund scheme (tufs) in 1999 as a credit linked subsidy scheme intended for modernization and technology up gradation of the indian textile industry, promoting ease of doing business, generating employment and promoting exports. since then, the scheme has been implemented in different versions. Promoting conversion of existing looms to better technology looms for improvement in quality and productivity. encouraging better quality in processing industry and checking need for import of fabrics by the garment sector. the amended scheme would give a boost to “make in india” in the textiles sector; it is expected to attract investment. Amended technology upgradation fund scheme (a tufs) (a) modernizing and technology upgradation of leather units in india. (b) providing climate smart technologies to small farmers in order to improve productivity of agriculture. (c) modernizing and upgradation of the textiles industry for boosting employment and export potential. (d) upgrading 59.
Technology Upgradation Fund Scheme Tufs For Textile Industry
Textile Scheme – Amended Technology Upgradation Fund Scheme Upsc (ias) Current Affairs
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