TUFS

Press Information Bureau

Government of India

Ministry of Textiles

17-December-2012 16:26 IST

The 12^th 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 12^th Plan is available to any industrial unit from spinning, weaving, processing, 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 11^th Plan allocation of Rs. 15404 crore, an expenditure of Rs. 12383.40 crore was incurred. 

The investment target for the Modified TUFS was Rs. 1,50,600 crore for the 11^th Plan.  For Restructured TUFS (April 2011 – end of 11^th Plan), the investment target was Rs. 46,900 crore. The provisional figures available for investments catalyzed in the last three years are below:- 

The slow down in the global economy, leading to a 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. 3100 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 reply in the Lok Sabha today.  

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DS/RK