Question : Financial Assistance under TUFS


(a) whether the financial assistance under Technology Upgradation Fund Scheme (TUFS) is outstanding;

(b) if so, the details thereof as on 31st March, 2016; and

(c) the steps taken by the Government to release the outstanding assistance?

Answer given by the minister

MINISTER OF STATE (INDEPENDENT CHARGE)
IN THE MINISTRY OF TEXTILES
(SHRI SANTOSH KUMAR GANGWAR)

(a) to (c): Yes, Madam. The financial assistance outstanding under Technology Upgradation Fund Scheme (TUFS) as on 31.03.2016 is as given below:-
Type of TUFS No. of cases Amount
(Rs. in crore)

Modified TUFS 5986 15550.71
Restructured TUFS 3720 2261.61
Revised Restructured TUFS 1860 916.16

An amount of Rs. 108.28 crore has been released during the financial year 2016-17. Further subsidy will be released on receipt of eligible claims from banks subject to availability of funds.
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