Capital Investment Subsidy of Rs. 1,416.50 crore Released in 6,448 cases under Amended Technology Upgradation Fund Scheme (ATUFS) in Last Three Years

[ABS News Service/10.02.2024]

A total Capital Investment subsidy of Rs. 1,416.50 crore has been released in 6,448 cases under Amended Technology Upgradation Fund Scheme (ATUFS) in last three years (FY 2020-21 to FY 2022-23). In addition, a total of Rs. 439.43 crore has been disbursed as Interest Reimbursement/Margin Money Subsidy under the committed liabilities of old versions of TUFS, making the total release under ATUFS during last three years as Rs. 1,855.93 crore across the country. Capital Investment subsidy of Rs. 166.69 crore has been released in 545 cases under ATUFS and Rs. 9.38 crore has been disbursed as Interest Reimbursement/Margin Money Subsidy under the committed liabilities of old versions of TUFS to the units located in the State of Tamil Nadu making total release under ATUFS as Rs. 176.07 crore.

Total number of 1,117 energy saving machines have been incentivized under ATUFS during last five years.

Segment wise and year wise details of subsidy released under ATUFS including committed liabilities since 2015-16 till 2022-23 is given in below.

Segment wise, year wise details of subsidy released since 2015-16 till 2022-23

(in Rs. crore)

Segment

2015-16

2016-17

2017-18

2018-19

2019-20*

2020-21

2021-22

2022-23

Garment / Made-up manufacturing

64.42

172.02

95.52

17.56

1.54

9.76

18.61

35.11

Processing of fibres, yarn fabrics, garments and made-ups

138.52

286.15

160.63

45.35

10.27

35.55

54.18

55.45

Technical Textiles and non - wovens

163.10

210.56

120.68

36.82

12.10

26.49

37.61

46.89

Stand alone Spinning

198.16

429.02

237.75

72.60

3.16

16.02

16.44

18.31

Weaving / Knitting

125.10

224.61

133.62

41.03

102.27

190.27

274.1

335.40

Multi Activity

365.98

785.91

682.78

217.42

127.01

256.75

209.68

180.7

Other

339.20

509.48

481.22

189.60

58.54

21.01

13.92

2.58

Total

1,394.48

2,617.75

1,912.2

620.38

314.89

555.85

624.50

674.40

 

*During 2019-20, the procedure of implementation of new scheme ATUFS was established and expenditure under liabilities of older versions of scheme reduced significantly resulting in lower expenditure during this year

Year wise details of subsidy released to the units in the State of Tamil Nadu in last five years

(in Rs. crore)

Year

Subsidy released under ATUFS/TUFS to the units in the State of Tamilnadu

2018-19

50.14

2019-20

42.74

2020-21

51.45

2021-22

72.49

2022-23

52.13

Total

268.95

 

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