Related Keywords: better transmission of the monetary policy, curbr distorting effect on the interest rate market, government planning to tweak, rationalise various dole out based schemes, replace interest subsidy with other forms, support like viability gap funding, Technology Upgradation Fund Scheme, TUFS, upfront capital subsidy
The Technology Upgradation Fund Scheme (TUFS) was introduced to make available funds to the textile industry for upgrading technology at existing units as well as to set up new units with state-of-the-art facilities. The government is now planning to tweak the Technology Upgradation Fund Scheme (TUFS) in the textile sector and may end interest subsidy provided to mills against investments made by them, as it intends to rationalise various dole-out-based schemes.
