Govt appoints KSA Technopak to study & revamp TUFS
22 Jul '06
1 min read
In order to extend the popular Technology Up gradation Fund Scheme (TUFS), the government has appointed leading consultancy firm KSA Technopak to evaluate the six-year-old scheme and revamp its priorities and incentive structure.
TUFS, an interest subsidy scheme was intended to stir up banks and FIs to provide loans for modernization projects in the textile industry that has so far generated investment to the tune of Rs42,000 crores and is scheduled to expire on March 31, 2007.
This plan initially began on a low key basis, but in the last couple of years has gathered steam and provided impetus in ramping investment up to Rs18,000 crores, costing the exchequer just Rs1,961 crores.
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