Any new or existing unit that is engaged in Single or Multiple Textile Product Manufacturing and has SSI / MSI / IEM certificate from the concerned departments.
The machine will be eligible as per TUFS guidelines issued by the Ministry of Textiles from time to time.
All Public Sector Banks, State Financial Corporations (SFCs), State Industrial Development Corporations (SIDCs), Schedule Banks, and NBFCs Registered with RBI are eligible under the scheme.
The promoter’s contribution is must be 15% but not more than 50%.
Unit must have to apply within 6 months from term loan sanction date for avail the subsidy benefits.
Machine manufacturer must be registered with Ministry of Textiles.
Make and year of manufacture & MIC Code Number should be clearly indicated on machine.
Machine Serial Number should be mentioned in Invoice.
If unit is existing and subsidy taken in past in the said scheme then he will be eligible for balance subsidy amount only as specified limit in above table.
Term Loan period should not be for less than 3 years including moratorium period for Micro, Small and Medium units and not less than 5 years for other Categories.
Unit must have to make digital signature for applying in ATUF scheme.
GARMENT AND TECHNICAL TEXTILES:- Financial assistance (grant-in-aid) of 15% of the *eligible Machine subject to a maximum of Rs 30 Cr.
Weaving for the brand new shuttle –fewer looms ( including weaving preparatory and knitting ), Processing, Jute, Silk, and Handloom:- 10% of the *eligible Machinery subject to a maximum of Rs 20 Cr.
Composite unit / Multiple Segments – If the eligible capital investment in respect of Garmenting and Technical Textiles category is more than 50% of the eligible project cost: Financial assistance (grant-in-aid) of 15% of the *eligible Machine subject to a maximum of Rs 30 Cr.
Composite unit / Multiple Segments – If the eligible capital investment in respect of Garmenting and Technical Textiles category is less than 50% of the eligible project cost: 10% of the *eligible Machinery subject to a maximum of Rs 20 Cr.