The textile Secretary, GoI, Ravi Kumar assures that the pending subsidy application under textile Technology Upgradation Fund Scheme (TUFS), would be cleared within two months. Powerloom weavers of the state are demanding clearence of subsidy. They are claiming that about 6,000 applications are yet to be cleared under TUFS scheme due to technical reasons. About Rs 800 crore funds under TUFS thus are stuck since a long time.

The country’s largest MMF hub, Surat has lead over other clusters in Gujarat when it comes to taking benefits under TUFS scheme. Textile entrepreneurs have taken benefits under TUFs making full payments for upgraded machineries. But for the past two years,  the entrepreneurs are still awaiting subsidy amount to be released under the scheme.

Recently, a meeting was held in Ahmedabad under the leadership of textile secretary, Government of India, Ravi Kumar where representatives of Gujarat Chamber of Commerce and Industry (SGCCI), of Gujarat Weavers’ Association (FOGWA) and Federation of of Indian Art Silk Weaving Industry (FIASWI) participated. In this meeting, textile secretary assures that the pending application under TUFS would be cleared within two months. If the subsidy amount is cleared then it will boost modernization in the textile sector in surat.