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TUFS Catalyzed 207747 Crore Investment

Written By Views maker on August 24, 2011 | 8/24/2011

Government had launched the back ended interest reimbursement /capital subsidy scheme called the Technology Upgradation Fund Scheme (TUFS) on 01.04.1999 for a period of 5 years for upgradation of the textiles and Jute Industry. The scheme was continued in modified form w.e.f. 01.04.2007 to 28.06.2010. The scheme has again been launched in restructured form for the period 28.04.2011 to 31.03.2012. Since 1999, TUFS has catalyzed investment of Rs. 207747 crore. Government has revised the 11th Five Year Plan allocation in TUFS from Rs. 8000 crores to Rs. 15404 crores on March 31, 2011.