The Amended Technology Up-gradation Fund Scheme (ATUFS) was reviewed by Union Minister of Textiles, Piyush Goyal and Minister for State for Textiles, Darshana Vikram Jardosh yesterday along with different Ministries, Departments, Textiles Industry Associations and Banks etc., at the 5th Inter Ministerial Steering Committee (IMSC) meeting organized by the Ministry of Textiles.
It was intended to boost the Indian Textile Industry by enabling ease of doing business, bolstering exports & fuelling employment. In addition to fixing the timeline for conduct of IMSC meeting quarterly to facilitate implementation, some of significant decisions to resolve pending issues and way forward include:
— Reduction of Compliance burden by accepting only single certificate from the concerned bank instead of multiple documents regarding evidence of payment for claimed machineries.
— Rationalisation of GR related to cases of consortium finance.
— Consideration of Standalone embroidery machines wef inception of the ATUFS.
— Facilitating Industry by providing Condonation of filing for UIDs to 1795 pending cases besides the cases in which cut off dates falls during 23rd March 2021 and 22 October 2021(COVID Second wave period) with time line of its submission to Office of Textile Commissioner/iTUFS within 90 days ( i.e., total period for unit & banks).
— Condonation for the submission of JIT request to 814 units besides the unit in which cut-off date for submission of JIT request in post COVID-19.
Ministry of Textiles will simplify the procedure for Joint inspection using a calibrated approach to linking joint inspect to subsidy support size by reducing burden on bracket lower than INR 50 lakh instead of present 100 %.
Dr. Animesh Saxena- Manging Director Neetee Apparels- a leading garment exporter and President of Federation of Indian Micro and Small & Medium Enterprises (FISME) said, “We appreciate the decision government is leaning towards as it was cumbersome and needed simplification and we are in full support of this step. Ministry of Textile should also deliberate on getting refund on time, as delay in refunds made people lose interest in this scheme because sometimes refunds were not cleared up to 2-3 years.”
Secretary (Textiles) and Textile Commissioner will look into the modalities for simplification of enlistment of machinery manufacturers and accessories / spares parts manufacturers.
