Launch Year 2021 Special Focus:

North Eastern and

Andaman and
Centrally Nicobar Islands
Type
Sponsored

National Food Security Mission-

Amended
Subsume Technology Upgradation
Oil Palm programme Fund
Scheme (ATUFS)
NEWS
 ATUFS

➢ Eligible textile units can

access funds to upgrade
their manufacturing
processes

Upgrade their technology and

improve their productivity.
ATUFS
ATUFS
 ATUFS

• To provide financial support for

Aim promoting technological advancement
in the textile sector

• Silk Sector, Jute sector

• Handloom sector
Beneficiaries
• Technical textiles

• Processing fabrics, fibers, garments,

madeup, and yarns

• Weaving preparatory, weaving, and knitting

 ATUFS
Objective

• To promote ease of doing business in the textile sector

• To promote textile exports and make India a global player in the international textile market

• To generate employment in the textile sector

• To promote converting outdated looms technology with better quality and latest machinery to
make superior products

• To promote technical textiles

 ATUFS
Key Features

• The amended scheme provides a subsidy of up to 50% for the installation of new
machinery

• Also covers the cost of training for workers

• Open to all textile mills, regardless of their size

 ATUFS
Key Features

• Capital Investment Subsidy

➢ Subsidy of 15% of the capital investment for the textile sector and 10% for other sectors for the
upgradation of technology and machinery (over a period of 5 years)

➢ Higher subsidy rate of 25% for capital investment to small and medium enterprises in certain
specified segments

• Interest Subsidy

➢ The scheme provides an interest subsidy of 5% for seven years on loans taken for technology
upgradation
 ATUFS
Key Features
 ATUFS
Key Features

• The scheme encourages industry participation by requiring a minimum contribution from the
beneficiary units

• The scheme focuses on sustainable and environmentally friendly technology and encourages
using renewable energy sources in textile units

• i-TUFS is application software that can be used by any designated Inspection Officer of the
Textile Commission of India to inspect the physical progress of an installation and financial
assistance
NEWS
 HOMEWORK

Loan target of 16
Which of the following statements is/are correct with respect to the lacscheme?
crore has been
set for the current
1. Subsidy of 15% of the capital investment for the textile sector will be provided
year and around 14
2. The scheme is open to Open to all textile mills, regardless of their size lac
3. i-TUFS is application software for financial assistance crore has already
been given to the
[A] Only 1 farmers through
[B] Only 1 and 2 KCC.
[C] Only 3
[D] Only 2 and 3
[E] All of the above
HOMEWORK

Loan target of 16
lac crore has been
set for the current
year and around 14
lac
crore has already
been given to the
farmers through
KCC.
HOMEWORK

Loan target of 16
lac crore has been
set for the current
year and around 14
lac
crore has already
been given to the
farmers through
KCC.
HOMEWORK

Loan target of 16
lac crore has been
set for the current
year and around 14
lac
crore has already
been given to the
farmers through
KCC.
HOMEWORK

Loan target of 16
lac crore has been
set for the current
year and around 14
lac
crore has already
been given to the
farmers through
KCC.
 ESIC Deputy Director

Principles of Human Resource Management

Important MCQ
Q. Consider the following statement regarding the above
discussed scheme and select the correct ones?
a. Mission plans to increase oil palm cultivation to 1 million
hectares by 2025-26 and 1.7-1.8 million hectares by 2029-30.
b. Under the scheme, oil palm farmers will be provided financial
assistance and will get remuneration under a price and viability
formula.
c. It is a Central Sector Scheme with a special focus on the North
east region and the Andaman and Nicobar Islands
[1] a and b only
[2] b and c only
[3] a and c only
[4] a, b and c
[5] None of the above
Answer : [1] a and b only