Technology Upgradation Fund
Full Form of TUF
What is TUF?
The Technology Upgradation Fund, commonly known as TUF, is a flagship initiative of the Government of India launched in 1999 to facilitate the modernisation and upgradation of the country's textile and jute industries. Administered by the Ministry of Textiles, the scheme offers capital subsidies and interest reimbursement to eligible textile units investing in new machinery, modern technology, and upgraded production processes. Over the years, TUF has played a transformative role in strengthening India's position as one of the largest textile producers globally, supporting both small-scale entrepreneurs and large manufacturers in states like Tamil Nadu, Gujarat, Maharashtra, and Karnataka. The scheme has been revised multiple times, with the latest version being the Amended Technology Upgradation Fund Scheme (ATUFS), introduced in 2016, which provides a one-time capital subsidy ranging from 10 to 15 percent depending on the segment. TUF remains a frequently asked topic in competitive examinations such as UPSC, SSC, banking, and various state public service commissions, where questions on government schemes, the textile sector, and industrial policy are regularly featured for aspirants preparing for these prestigious tests.
TUF का फुल फॉर्म
प्रौद्योगिकी उन्नयन कोष
Example
Several textile units in Tirupur have benefited from the Technology Upgradation Fund scheme to modernise their knitting and processing machinery.