Grow with Bank of Baroda.


Your micro, small, medium enterprises today will be a large corporate tomorrow.

Technology Upgradation Fund Scheme (TUFS)

  • Overview
  • Eligibility

Bank of Baroda grants loans under Technology Up-gradation Fund Scheme launched by Government of India as per guidelines received from time to time from Ministry of Textiles. Bank of Baroda is a nodal agency for determining eligibility and releasing of subsidy for the cases financed by the bank under the scheme.

Objective

In order to promote ease of doing business in the country and achieve the vision of generating employment and promoting export through “Make In India” and “Zero Effect and Zero Defect” in manufacturing, it has been decided that the government would provide credit linked Capital Investment Subsidy (CIS) under Amended Technology Upgradation Scheme (ATUFS).Under ATUF Scheme, every eligible individual entity (not the Unit) will be entitled for re-imbursement of Capital Investment Subsidy (CIS). Garmenting and Technical Textile Segment are eligible for 15% CIS up to Rs. 30 crores. Weaving for Brand New Shuttle-less Loom, Processing, Jute, Silk, Handloom are eligible for 10% CIS up to Rs. 20 crores. Composite Unit/Multiple Segments are eligible for up to 15% CIS subject to upper limit of Rs. 30 crores.


Amount of Loan

Need based.


Repayment Period

Minimum 3 Years


Programme Period

The scheme is in operation for a period up to 31.03.2022.


To know more, visit our nearest branch Click Here


To know more about service charges Click Here


To know the latest rate of interest Click Here


Complete details of the scheme are available on the website of Ministry of Textiles Click Here


Download copies of the bank agreements to be executed by the borrowers Click Here

Related products

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.