Bank of Baroda



Business > Loans & Advances > SME
 

 
Branch Locator
Calculators
Application Forms
BOBCards
Important Links




Deposits  |  Loans & Advances  |  Services  |  Lockers


Technology Upgradation Fund Scheme (TUFS) For Textile And Jute Industries

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

To provide encouragement to textile industrial units for taking up technology up-gradation and to modernize their production facilities.

The scheme envisages 5% interest reimbursement (4 percentage for spinning industry) of the normal interest charged by the bank on the loans availed by the units from the bank for undertaking technology up-gradation/modernization.

New units set up with technology as per guidelines of the scheme would also be eligible for the above benefit, or, 15% Credit Linked Capital Subsidy for Small Scale Sector and 20% for Power-loom Sector, or, 5% interest reimbursement plus 10% capital subsidy for specified processing machinery, technical textiles machinery, garmenting machinery and for CAD, CAM, Design Studio, etc.

The scheme also provides 25% capital subsidy on purchase of new machinery and equipments for the pre-loom and post-loom operations, handlooms/up-gradations of handlooms and testing and quality control equipments for handloom production units.

PROMOTERS� CONTRIBUTION

  • Minimum 20% of the project cost.

AMOUNT OF LOAN

  • Need based.

PROGRAMME PERIOD

  • The scheme is in operation for a period upto 31.3.2012.

    Conditions apply.

Complete details of the scheme are available on the website of Ministry of Textiles
www.txcindia.com

Click here to download copies of blank agreements to be executed by the borrowers



> Working Capital Finance > Term Finance > MSME > SME > Small Business Borrowers > Traders Loan




Baroda MSME Capex Card & Baroda MSME Capex Loan
Baroda Vidyasthali Loan
Baroda Arogyadham Loan
Laghu Udhyami Credit Card
Artisans Credit Card
CLCSS-TUFS
CLCSS
Composite Loans
Collateral Free Loans
SME Short Term Loans
SME Medium Term Loans
Baroda SME Gold Card
Scheme for Financing Energy Efficiency Projects
Baroda Overdraft Against Land and Building
Baroda SME Loan Pack
PMEGP
KVIC-ISEC

© 2017 Bank of Baroda. All rights reserved. Disclaimer For optimum view of this site you must have IE 5.0 and 1024 by 768 pixels
     
chic logo