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16/08/2018 12:09pm

Textile Ministry asks textile units & lending agencies to switch to digital signatures by Aug 30 for ATUFS

image Textile Ministry asks textile units & lending agencies to switch to digital signatures by Aug 30 for ATUFS

New Delhi, Aug 16 (KNN) Revising Resolution on Amended Textile Upgradation Scheme (ATUFS), the Ministry of Textiles has asked textile units to use Digital Signatures for submitting Unique Identification Number (UID) applications and for making Joint Inspection Team Verification (JIT) requests.

Also, the Lending Agency will fill in the details of term loan information in i-TUFS and upload the final sanction order with the digital signature of the authorized signatory of the lending agency.

Technology Upgradation Fund Scheme (TUFS) is the flagship scheme of the Ministry of Textiles aimed at creating a modern and vibrant textile industry in India.

The Ministry of Textiles is implementing ‘Amended Technology Upgradation Fund Scheme (ATUFS)’ with effect from 13.01.2016, for a period of seven years.

Under ATUFS, there is a provision of one-time capital subsidy for eligible benchmarked machinery at the rate of 15% for garmenting and technical textiles segments with a cap of Rs. 30 crore and at the rate of 10% for weaving, processing, jute, silk and handloom segments with a cap of Rs. 20 crore.

In order to bring transparency in the entire subsidy claim process, iTUFS online portal was introduced to apply for Amended TUFS subsidy.  

The Ministry of Textiles in a Circular said, “As per…Revised Resolution, the application shall be signed off with the digital signature of the applicant for submission of UID application,…and… the applicant will sign the application with his digital signature for making JIT request.”

Further, the Lending Agency will fill in the details of term loan information in i-TUFS and upload the copy of the final sanction order with the digital signature of the authorized signatory of the lending Agency.

The Circular added that the Lending Agency will verify the application against the loan documents available with them and upload copy of the final loan sanction order and sign off the verification with the digital signature of the authorized official of the lending agency.

The unit is also required to fill the DPR field as per the Format enclosed at the time UID application and the Lending Agency has to digitally sign it, it said.

The Ministry circular said that the modifications are being carried out in iTUFS software accordingly and it will be implemented with effect from August 30, 2018.

The beneficiary units and Lending agencies have been asked to make necessary arrangements so that they could apply with digital signatures, on or before August 30, 2018. (KNN Bureau)

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  1. Joe
    Joe 18/08/2018 7:10 AM

    It is contradictory in your report. Since the Ministry circular said that the modifications are being carried out in iTUFS software accordingly and it will be implemented with effect from August 30, 2018 how can it be that the beneficiary units and Lending agencies could apply with digital signatures, on or before August 30, 2018. (KNN Bureau? Please clarify me.

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