Amended Technology Upgradation Fund Scheme (A-TUFS)
Government launched Amended Technology Upgradation Fund Scheme (A-TUFS) in 2016 by replacing Revised Restructured
Amended Technology Upgradation Fund Scheme (ATUFS) is related
(a) modernizing and technology upgradation of leather units in India. (b) providing climate smart technologies to small farmers in order to improve productivity of agriculture.
(c) modernizing and upgradation of the textiles industry for boosting employment and export potential.
(d) upgrading 59. For passenger transport infrastructure for the disabled people.
Technology Fund Scheme (RRTUFS). Its objective is to upgrade technology in the textiles industry with one-time capital subsidy for eligible machinery. The amended scheme would give a boost to Make in India in the textiles sector; it is expected to attract investment to the tune of one lakh crore rupees and create over 30 lakh jobs.
The new scheme specifically targets:
Employment generation and export by encouraging apparel and garment industry, which will provide employment to women in particular and increase India‘s share in global exports.
Promotion of Technical Textiles, a sunrise sector, for export and employment.
Promoting conversion of existing looms to better technology looms for improvement in quality and productivity.
Encouraging better quality in processing industry and checking need for import of fabrics by the garment sector.
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