TUFS

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..... TUFS
News and Press Release
Dated:- 17-12-2012

Press Information Bureau Government of India Ministry of Textiles 17-December-2012 16:26 IST The 12th Plan allocates Rs. 12077.80 crores for TUFS with focus on the weaving sector. TUFS assistance of interest subvention or for margin money is bank led and in the 12th Plan is available to any industrial unit from spinning, weaving, pr .....

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..... ocessing, silk, jute, wool, cotton ginning & pressing, technical textiles or garmenting industries which desire to invest in technology upgradation and get the requisite approval from the Bank on its project proposal. State-wise allocation and releases are not made under the Scheme. Against a 11th Plan allocation of Rs. 15404 crore, an expenditure of Rs. 12383.40 crore was incurred. The investme .....

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..... nt target for the Modified TUFS was Rs. 1,50,600 crore for the 11th Plan. For Restructured TUFS (April 2011 - end of 11th Plan), the investment target was Rs. 46,900 crore. The provisional figures available for investments catalyzed in the last three years are below:- Year Investment (in Rs. crore) 2009-10 28005 2010-11 397 2011-12 25030 The slow down in the global economy, leading to a .....

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..... de-acceleration in demand and the hiatus between the termination of MTUFS and sanction of RTUFS (i.e. 29.6.2010 to 27.4.2011) contributed to the fall in investment under TUFS during 2010-11. In 2009-10, 2352 new cases were sanctioned, in 2010-11, 256 new cases were sanctioned and in 2011-12 1249 new cases were sanctioned. TUFS subsidy allocations in 2009-10 were Rs. 2900 crores, in 2010-11, Rs. 3 .....

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..... 100 crores and in 2011-12 Rs. 3700 crores. No sanction is refused assistance if it is sanctioned by the bank as per the norms and guidelines of the Scheme. Government compiles bank-wise, beneficiary wise sanctions which are to be reimbursed under the Scheme. Funds are reimbursed bank-wise/beneficiary-wise. This information was given by the Minister of Textiles, Shri Anand Sharma in a written repl .....

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..... y in the Lok Sabha today. ****** DS/RK
News - Press release - PIB .....

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