IDBI PMEGP

Hi I would like to have the details of the various schemes and programmes announced by the Government of India for Technology Upgradation Fund Scheme (TUFS) for Textile and Jute Industries including Prime Minister Employment Generation Program (PMEGP)?

Technology Upgradation Fund Scheme (TUFS) for Textile and Jute Industries: The Administration of India (GoI), Ministry of Textiles (MoT), presented Technology Upgradation Store Scheme (TUFS) for Textile and Jute Industries on April 1, 1999, for a time of 5 years, in this manner reached out by 3 years to cover sanctions up to March 31, 2007. The Scheme has been changed w.e.f. April 1, 2007, for a time of 5 years i.e. to last till FY 2011-12.

The Scheme is proposed to encourage enlistment of condition of-the-art or close best in class innovation. Under the adjusted Scheme compelling April 1, 2007, GoI, MoT, gives intrigue repayment of 4% p.a. on Rupee Term Loans (RTLs) endorsed to qualified turn ning apparatus and 5% p.a. to other than turning sections. Perceiving the capability of garmenting, specialized materials and handling sections for high esteem expansion and work generation, an extra advantage in the frame of 10% capital sponsorship is given in regard of the recognized material apparatus for these portions.

IDBI Bank has been designated by MoT to go about as the Nodal Agency under TUFS for Non-SSI Textile Sector. With a specific end goal to expand access to the Scheme, IDBI Bank has co-selected around 50 banks/organizations to work the Scheme.

Plus, IDBI Bank additionally straightforwardly helps cases under TUFS. In its part as the Nodal Agency, IDBI Bank assesses TUFS-similarity of the ventures before these winds up noticeably qualified to the advantage of subsidy accessible under the Scheme. After give of Qualification Certificate Number (ECN) to a case, the online cases are submitted to Office of the Material Commissioner (O/o the TxC) in regard of such cases. O/o the TxC after important investigation advances the same to MoT for arrival of requisite endowment reserves.

On receipt of the sponsorship stores from MoT, these are dispensed to various recipients through their loaning banks/establishments/IDBI Bank offices.

Other subsidy programmes of the Government Agencies

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