Home / Knowledge / News / Textiles / India allocates Rs 120bn for TUFS in 12th five-year-plan
India allocates Rs 120bn for TUFS in 12th five-year-plan
18
Dec '12
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, processing, silk, jute, wool, cotton ginning & pressing, technical textiles or garmenting industries which desire to invest in technology up gradation 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. 15,404 crore, an expenditure of Rs. 12,383.40 crore was incurred.

The investment target for the Modified TUFS was Rs. 150,600 crore for the 11th Plan. For Restructured TUFS (April 2011 – end of 11th Plan), the investment target was Rs. 46,900 crore.

The slowdown 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, 2,352 new cases were sanctioned, in 2010-11, 256 new cases were sanctioned and in 2011-12, 1,249 new cases were sanctioned.  TUFS subsidy allocations in 2009-10 were Rs. 2,900 crores, in 2010-11, Rs. 3,100 crores and in 2011-12 Rs. 3,700 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.

Ministry of Textiles

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search