Amended Technology Upgradation Fund Scheme (ATUFS): In the last three years, Total Capital Investment subsidy of Rs. 615.65 crore released in 2388 cases

09 December 2021, Mumbai:

A total of Rs. 880.55 crore disbursed as Interest Reimbursement/Margin Money Subsidy under the committed liabilities of the old version of the Technology Upgradation Fund Scheme.

Total Capital Investment subsidy of Rs. 615.65 crore has been released in 2388 cases under Amended Technology Upgradation Fund Scheme (ATUFS) during the last three years. 

In addition, a total of Rs. 880.55 crore has been disbursed as Interest Reimbursement/Margin Money Subsidy under the committed liabilities of old version of TUFS, making the total release under ATUFS during last 3 years as Rs. 1496.20 crore.

403 energy-saving machines have been incentivized during the last three years under ATUFS. State-wise details of energy-saving machinery are given in Annexure.

As per the requests submitted by units for verification against their subsidy claims under ATUFS, a total of 3,21,085 machines have been purchased during last three years.

As per the report of the Impact Assessment study of TUFS/ATUFS by NITI Aayog in January 2021, the scheme had a significant impact on increasing production and improving productivity.

Beneficiaries gained significantly in terms of productivity improvement, waste reduction, cost-saving, resource efficiency, etc. due to investment in upgraded technology. More than 85% of beneficiaries witnessed an increase in production volume. In the weaving segment, more than 75% of beneficiaries witnessed an increase in production volume of greater than 5%.

PIB  (The news article has not been edited by DFU Publications staff)

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