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Ministry of Textiles provides Rs. 314.80 crore subsidy support to Textile industry

Ministry of Textiles provides Rs. 314.80 crore subsidy support to Textile industry including MSMEs and small textile manufacturing units through ATUFS and Powertex India

Posted On: 09 FEB 2022 3:44PM by PIB Delhi

Ministry of Textiles has been providing subsidy support to textile industry, including Micro, Small and Medium Enterprises (MSMEs) and small textile manufacturing units across the country through schemes such as Amended Technology Upgradation Fund Scheme (ATUFS) and Powertex India. Details of support provided under the schemes are given in Annexure-I.

Details of textile units provided support under ATUFS and Powertex India Scheme are given in Annexure-II.

Annexure I

Details of schemes implemented for the benefit of textile industry including small manufacturers

S No. Name of the scheme Details of assistance Duration of implementation
1. Amended Technology Upgradation Fund Scheme (ATUFS) Capital Investment subsidy (CIS) for technology upgradation @ 15% for garmenting and technical textiles segments with a cap of Rs. 30 crore and @ 10% for weaving, processing, jute, silk and handloom segments with a cap of Rs. 20 crore is provided to individual entity.

 

January, 2016 to March, 2022
2. Powertex India Scheme In situ upgradation, Yarn bank scheme, work shed projects for strengthening decentralized powerloom sector April, 2017 to March, 2021

Annexure II

Details of textile units provided support under ATUFS and Powertex India Scheme

S No. Name of the Scheme Number of units/ beneficiaries Amount of assistance

(in Rs. crore)

1. Amended Technology Upgradation Fund Scheme (ATUFS) 785 314.80
2. Powertex India Scheme: In situ scheme – 3351 30.71
Work shed projects – 18 7.01
Yarn Bank projects – 11 2.80

 

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

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