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I am very happy to know that the office of the Textile
Commissioner is bringing out the updated version of the booklet on TOPS by
incorporating all the amendments / modifications made in the scheme since
inception up to 31.03.2003. More than 200 modifications/ amendments/
relaxations have been made in the scheme based on the feed back received from
the industry in the financial, technology and other eligibility parameters in
order to make the scheme easily accessible to all the segments of the textile
and jute industry. Similarly, more number of Banks / PIs including co-operative
banks have been co-opted by the Nodal Agencies, viz., IDBI , IFCI and SIDBI to
widen the reach of the scheme.
2. The
scheme was launched by the Govt. w.e.f. 1-4-99 with theexpectation that Industry would make use of it in a big way. However,
the response to the scheme till date indicate only a moderate progress. During
the last 4 years of its operation, 2063 applications have been received with a
project cost of Rs. 15677 crore. Rs. 5950 crore have been sanctioned to 1809
units and Rs. 4285 crore have been disbursed in respect of 1474 applications.
Physical progress in terms of number of
units is considerably
higher in respect of SSI units. However, in financial terms, Non-SSI units have
availed of about 88 percent of the total amount
sanctioned and disbursed under TUFS. The major segments availing of the benefit
under the scheme are composite upgradation, spinning and processing of fibres
and yarns. The major states availing of the TUFS in terms of sanctioned amount
are Tamilnadu, Punjab, Maharashtra and Gujarat.
3. I hope, with the modification / amendments
effected and additions made in the scheme, many more units particularly of SSI
sector from all segments of the textile industry will avail of assistance under
the scheme for modernization and technology upgradation so that the Indian
Textile Industry will become globally competitive in the post MFA scenario.
I wish the Technology
Upgradation Fund Scheme and the Indian Textile & Jute
entrepreneurs all success.
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