Technology Upgradation Fund Scheme
The Technology Upgradation Fund Scheme (TUFS) is a government initiative designed to support the modernization and technological advancement of the textile and technical textile industries in India. Implemented by the Ministry of Textiles, this scheme helps businesses upgrade their machinery, improve efficiency, and enhance product quality to stay competitive in the global market.
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Financial Assistance: Offers a 10% to 15% capital subsidy on eligible machinery, helping businesses invest in advanced equipment.
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Industry Focus: Applicable to all textile and technical textile manufacturing industries to encourage modernization.
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Competitive Edge: Supports businesses in enhancing productivity, reducing operational costs, and improving product quality.
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Government Backing: Provides structured financial support through interest subsidies and capital subsidies to facilitate smooth implementation.
| Schemes | Eligible Components | Benefits General Category | Industy |
|---|---|---|---|
| A-TUFS | Technology Upgraded Machines | 15% | Garmenting & Technical Textile |
| Max Capital Investement | 30 Cr. | ||
| WEAVING, KNITTING, JUTE, SILK | 10% | WEAVING, KNITTING, JUTE, SILK | |
| Max Capital Investment | 20 Cr. |
Avail Subsidy Summary Report On Your Project
Got any questions?
We provide consultancy for various government subsidies, including those for agriculture, manufacturing, MSMEs, exports, technology upgrades, and infrastructure development.
We offer end-to-end support, from assessing eligibility to preparing and submitting subsidy applications, ensuring maximum benefits with minimal hassle.
The timeline varies based on the type of subsidy and government processing times. However, we streamline the process to ensure faster approvals.
Yes, we have successfully assisted over 750 clients across India and continue to expand our reach to help more businesses benefit from subsidies.
The required documents depend on the specific scheme but generally include business registration certificates, financial statements, project reports, and compliance documents. We guide you through the entire documentation process.
