Amended Technology Upgradation Fund Scheme (ATUFS): ATUFS is a government initiative aimed at promoting textile and apparel manufacturing by providing financial assistance for technology upgradation. Under this scheme, small businesses can avail subsidies and incentives for modernizing their machinery and infrastructure, thereby enhancing productivity, quality, and competitiveness. The scheme also supports the creation of employment opportunities in the textile and apparel sector, particularly benefiting small and medium enterprises (SMEs).
Scheme for Integrated Textile Parks (SITP): The Scheme for Integrated Textile Parks (SITP) is designed to facilitate the establishment of textile parks with world-class infrastructure for the textile and apparel industry. These parks provide various facilities such as common infrastructure, utilities, and support services, which can significantly reduce production costs for small businesses. By enabling economies of scale and improving supply chain efficiency, SITP encourages the growth of small-scale textile and apparel manufacturers.
Credit Linked Capital Subsidy Scheme (CLCSS): The Credit Linked Capital Subsidy Scheme (CLCSS) aims to facilitate technological upgradation in various sectors, including textiles and apparel, by providing capital subsidy on institutional finance availed by small-scale industries for modernization. Small businesses in the textile and apparel sector can benefit from this scheme by upgrading their equipment, machinery, and production processes, leading to improved productivity, quality, and competitiveness. The scheme helps in reducing the financial burden on small enterprises and encourages investment in modern technologies.
These endeavors underscore the government's endeavors to bolster small businesses in the textile and apparel manufacturing domain, consequently fostering industry growth, employment creation, and competitiveness.
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