Ministry of Textiles provides Rs. 314.80 crore (US$ 42.1 million) subsidy support to Textile industry including MSMEs and small textile manufacturing units through ATUFS and Powertex India
- Press Information Bureau
- February 10, 2022
Through schemes like Amended Technology Upgradation Fund Scheme (ATUFS) and Powertex India, the Ministry of Textiles has been providing subsidised support to the textile industry, especially Micro, Small and Medium Enterprises (MSMEs) and small textile manufacturing units across the country.
Mrs. Darshana Jardosh, Minister of State for Textiles, provided the following information:
Details of schemes implemented for the benefit of textile industry including small manufacturers
| S No. | Name of the Scheme | Details of assistance | Duration of implementation |
|---|---|---|---|
| 1 | Amended Technology Upgradation Fund Scheme (ATUFS) | Capital Investment subsidy (CIS) for technology upgradation @ 15% for garmenting and technical textiles segments with a cap of Rs. 30 crore (US$ 4 million) and @ 10% for weaving, processing, jute, silk and handloom segments with a cap of Rs. 20 crore (US$ 2.7 million) is provided to individual entity. | January 2016 to March, 2022 |
| 2 | Powertex India Scheme | In situ upgradation, Yarn bank scheme, work shed projects for strengthening decentralized powerloom sector | April 2017 to March, 2021 |
Details of textile units provided support under ATUFS and Powertex India Scheme:
| S No. | Name of the Scheme | Number of units/ beneficiaries | Amount of assistance (In Rs. crore) |
|---|---|---|---|
| 1 | Amended Technology Upgradation Fund Scheme (ATUFS) | 785 | 314.80 (US$ 42.1 million) |
| 2 | Powertex India Scheme |
In situ scheme – 3351 Work shed projects – 18 Yarn Bank projects - 11 |
30.71 (US$ 4.1 million) 7.01 (US$ 0.94 million) 2.80 (US$ 0.37 million) |
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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