Capital Investment Subsidy of Rs. 615.65 Crore Released For Technology Upgradation

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

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

As per the report of 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% beneficiaries witnessed an increase in production volume. In weaving segment, more than 75% beneficiaries witnessed an increase in production volume of greater than 5%.

Annexure

State-wise details of total number of energy saving machines incentivized during the last three years are given below:

This information was given by the Minister of State for Textiles Smt. Darshana Jardosh in a written reply in the Lok Sabha.