The Textile Ministry's flagship Technology Upgradation Funds Scheme (TUFS) has disbursed Rs. 66,275 crore from its inception on April 1, 1999 till June 30, 2009 to modernise the country's mills to face global competition.rnThis was stated by the Union Minister of Textiles, Mr. Dayanidhi Maran, while addressing the Parliamentary Consultative Committee of his Ministry.rnMr. Maran said that the TUFS has stimulated additional investments of Rs. 1,79,834 crore, benefited 25,809 textiles units, including 18,266 small units. The scheme had enabled the textiles industry to face global challenges successfully, reduced the cost of capital for acquisition of technology by 5 per cent, ignited growth of processing, garmenting and technical textiles sectors by extending 10 per cent capital subsidy, assisted powerloom units by extending 20 per cent margin money subsidy, and empowered the small-scale sector with 15 per cent capital subsidy.
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