Tamil Nadu accounts for 28.50% of TUF disbursals

The Government of India under the aegis of the Ministry of Textiles had introduced the Technology Up-gradation Fund Scheme (TUFS) to help the beleaguered textile sector modernise its technology and equipment and which turned out to be one of the highly successful schemes implemented by the Government of India.

In the third part of this series, Fibre2fashion brings to you; our valued reader, state-wise data, with regards to actual number of applications received, amount sanctioned and disbursed to the entire value chain of the textile sector across India.

In the first part of the series, we had delved on disbursals done by 122 banks to the textile and its allied sector from the inception of the scheme in 1999 and in the second part we covered year-wise statistical data related to applications received, amount sanctioned and disbursed, from the time the TUF scheme was conceived.

From the day of inception of the scheme in April 1999 till June 2009 till which date, data has been collated, textile industries from 24 states across India have availed benefits of TUFs. The combined applications received from the entire 24 states total to 26,087 for a project cost of Rs 182,269.91 Crores against which the requirement of loan stood at Rs 84,747.01 Crores.

Against this 25,893 applications were sanctioned for a project cost of Rs 179,856.38 Crores and the sanctioned amount stood at Rs 78,306.20 Crores, of which Rs 66,283 Crores was disbursed covering 25,777 applications.

Textile and its allied units from Tamil Nadu took the majority share from among all applications sanctioned and disbursed under TUFs. TUF received 5,714 applications from the state with a project cost of Rs 36,816 Crores and the loan requirement was Rs 21,369 Crores.

Against this, Rs 18,850 Crores was disbursed during the entire period from the time TUFs was conceived. The amount disbursed in Tamil Nadu accounts for 28.50 percent of the total disbursed across all the 24 states.

Maharashtra, Punjab, Gujarat and Rajasthan stand at second, third, fourth and fifth ranking, respectively with regards to disbursals of TUFs.

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Posted in: Indian Textile Machinery Industry,textile machinery india