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Textile Ministry set to see substantial jump in fund allocation

Related Keywords: CCEA, coming budget, focus on labour incentive sector, fund allocation, latest and previous avatars of TUFS, new duty drawback scheme, see substantial jump, settle both old and new claims, special package for garment industry, Textile Ministry

The textile ministry although has in recent months cleared some of the old claims yet a chuck of claims are to be cleared for which the ministry is already seeking funds to settle both old and new claims under the latest and the previous avatars of the Technology Upgradation Fund Scheme (TUFS) as well as to cater to claims of refunds under the new duty drawback scheme announced as part of a special package for the garments industry in June, sources said.

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