Amended Technology Upgradation Fund Scheme for Textiles industry

The Cabinet Committee on Economic Affairs, has approved the introduction of "Amended Technology Upgradation Fund Scheme (ATUFS)" in place of the existing Revised  Restructured   Technology   Upgradation   Fund   Scheme   (RR-TUFS),for technology upgradation of the textiles industry.
The new scheme specifically targets:
a.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.
b.Promotion of Technical Textiles, a sunrise sector, for export and employment
c.Promoting conversion of existing looms to better technology looms for improvement in quality and productivity
d.Encouraging better quality in processing industry and checking need for import of fabrics by the garment sector.
Under the new scheme, there will be two broad categories:
i.Apparel, Garment and Technical Textiles, where 15 percent subsidy would be provided on capital investment, subject to a ceiling of 30 crore rupees for entrepreneurs over a period of five years.
ii.Remaining sub-sectors would be eligible for subsidy at a rate of 10 percent, subject to a ceiling of Rs.20 crore on similar lines. 
Motive of the New Scheme:
a.Boost to “Make in India” in the textiles sector; 
b.To attract investment to the tune of one lakh crore rupees, and 
c.Create over 30 lakh jobs.
Technology Upgradation Fund Scheme
-Launched by the Government in 1999.
-Aim: to facilitate new and appropriate technology for making the textile industry globally competitive and to reduce the capital cost for the textile industry.