Home / Knowledge / News / Textiles / Tamil Nadu accounts for 28.50% of TUF disbursals

Tamil Nadu accounts for 28.50% of TUF disbursals

13
Jan '10
The Government of India under the aegis of the Ministry of Textiles had introduced the Technology Up-gradation Fund Scheme (TUFS) to help the beleaguered textile sector modernise its technology and equipment and which turned out to be one of the highly successful schemes implemented by the Government of India.

In the third part of this series, Fibre2fashion brings to you; our valued reader, state-wise data, with regards to actual number of applications received, amount sanctioned and disbursed to the entire value chain of the textile sector across India.

In the first part of the series, we had delved on disbursals done by 122 banks to the textile and its allied sector from the inception of the scheme in 1999 and in the second part we covered year-wise statistical data related to applications received, amount sanctioned and disbursed, from the time the TUF scheme was conceived.

From the day of inception of the scheme in April 1999 till June 2009 till which date, data has been collated, textile industries from 24 states across India have availed benefits of TUFs. The combined applications received from the entire 24 states total to 26,087 for a project cost of Rs 182,269.91 Crores against which the requirement of loan stood at Rs 84,747.01 Crores.

Against this 25,893 applications were sanctioned for a project cost of Rs 179,856.38 Crores and the sanctioned amount stood at Rs 78,306.20 Crores, of which Rs 66,283 Crores was disbursed covering 25,777 applications.

Textile and its allied units from Tamil Nadu took the majority share from among all applications sanctioned and disbursed under TUFs. TUF received 5,714 applications from the state with a project cost of Rs 36,816 Crores and the loan requirement was Rs 21,369 Crores.

Against this, Rs 18,850 Crores was disbursed during the entire period from the time TUFs was conceived. The amount disbursed in Tamil Nadu accounts for 28.50 percent of the total disbursed across all the 24 states.

Maharashtra, Punjab, Gujarat and Rajasthan stand at second, third, fourth and fifth ranking, respectively with regards to disbursals of TUFs.

These statistics have been culled with data from the Office of the Textile Commissioner, to whom we extend our due thanks.

Please click here to view state-wise statistical data.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 14th May 2021

European Commission upgrades EU growth outlook for 2021 & 2022

In its Spring 2021 Economic Forecast, the European Commission has...

Pic: Shutterstock

Textiles | On 14th May 2021

Global 2021-22 cotton consumption highest in 4 years: USDA

Record global cotton supply will drive higher consumption as recovery ...

Pic: Walmart

Retail | On 14th May 2021

Walmart to acquire virtual fitting room platform Zeekit

US retail giant Walmart is acquiring Zeekit, a female-founded,...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

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

Leave your Comments


May 2021

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


Advanced Search