Amended Technology Upgradation Fund

The Ministry of Textiles introduced the Amended Technology Upgradation Fund Scheme (ATUFS). This scheme aims to facilitate investment, employment, productivity, quality, and import and export substitution in the textile industry. It also indirectly promotes investments in the manufacturing of machinery for textiles. It is a credit-linked subsidy scheme for capital investment in textile manufacturing under the Government of India’s Make in India and Zero Defect and Zero Effect initiatives. > Objectives - Export and employment generation, especially to women, by encouraging the garment and apparel industry and increasing India’s share in global exports. - Promotion of technical textiles for export and employment. - Promotion of converting existing looms to better technology looms to improve quality and productivity. - Encourage better quality in the processing industry and check the need for the import of fabrics by the garment sector.