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Textile Commissioner's Office releases circular on restructured TUFS
03
Aug '11
Office of The Textile Commissioner, which operates under the Ministry of Textiles, recently issued a circular of the decisions taken by Technical Advisory-Cum-Monitoring Committee (TAMC) of the Restructured Technology Upgradation Fund Scheme (TUFS) for the period April 28, 2011 to March 31, 2012.

Under the restructured TUFS, brand new Rapier loom, Projectile loom, Airjet looms and Waterjet looms will be eligible for 10% capital subsidy and ceiling of Rs.1 crore margin money subsidy under 20% MMS-TUFS for powerloom sector.

The Committee also observed that electrical installations were covered in the erstwhile TUFS, but were omitted when the modified TUFS was announced w.e.f. 01.04.2007 and this omission was rectified in the 2nd meeting of TAMC held on 25.07.2008.

Committee also observed that financial implication of coverage of electrical installations w.e.f. 01.04.2007 is not significant and therefore decided that coverage of electrical installations should be effective from the beginning of the modified TUFS, i.e., 01.04.2007.

Click here to download and read more points of restructured TUFS circular.

Fibre2fashion News Desk - India


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