This e-mail originated from outside of Times Of India And TimesGroup. Exercise caution before you click on any link or open attachments.Subsidies on Loans for Machinery Awaited by Textile UnitsTNNMany textile units continue to await subsidies under the Amended Technology Upgradation Fund Scheme between 2016 and 2022 on loans they had taken on new machinery due to objections raised over documents related to imported machinery. Under the scheme for textile and allied sectors, an applicant could get a subsidy on the loans for the new machinery from the Ministry of Textiles.It was also a condition that at least 50 percent of the loan on new machinery. And the machinery only from a supplier enlisted with the ministry, as per the Textile Commissioner office enlisted supplier within the or abroad.Another condition for the subsidy was that the machine should be in a running condition during the inspection of the machine which had to be conducted by a four member Joint Inspection Committee comprising members from the Textile Commissioner Office, a member from a bank, a member from NITRA and a member from a textile association.However, many of the subsidies applied for, even after the approval of the Joint Inspection Team are yet to be received due to objections raised by the Textile Commission Officials.Speaking about it Vinod Thapar, Chairman, Knitwear Club said that it’s been many years of wait for the subsidy amounts. Even though those operating were MSME’s have small margins, but not receiving subsidy have put them in a bad shape.Chartered Accountant Raj Mittal, Technical Advisor of the Knitwear Club on the matter said that units in Ludhiana await the subsidy amount. Textile units in other parts of the country too await the subsidy amount. He said that the subsidy amount is estimated to be about Rs 250 crore in the district.More than 150 textile units owners from the district have also complained on the matter on the i-TUFS portal launched by the ministry of textiles in December 2025, he said.Mittal said that a large number of applica- tions were rejected by the office of the textile commissioner on the basis of some clauses which have no clear basis. “Some manufacturers had sent machines via their agencies handling the exports for the countries, but objections were raised on the matter,” Mittal said. “We hope that matter would be resolved because the small units had taken loans because subsidy was available but now, most of the units which are small enterprises, are struggling to get the subsidies,” he said.Meanwhile, Textile Commissioner Vrunda Manohar Desai declined to comment saying that she was not authorised to speak on the matter.—- The scheme was started in February 2016 and was applicable till March 2022. Main textile major change was made that the machine should come from specified suppliers, who were enlisted with the Textile Commissioner of Mumbai.The second was that a minimum 50 percent bank loan of the cost of the machine had to be taken and the third condition was that the machine was to be in running condition at the time of the Joint Inspection Team that gives approval for the loan.Those industrialists all over India major change that the machine should come from a specified supplier, that the supplier should be enlisted.A team including a representative from the Textile Commissioner office from Amritsar, one team member was from a bank, a member from NITRA and one person from a textile association used to be there and they used to inspect and sign and recommendation form used to be filed. Joint Inspection Team used to verify the details.But some of the points were not in the policy including Supplier used to be said, the bills, bill of entry. Only new machines were allowed. But subsidies were rejected. Such cases were at least more than 100 cases from Ludhiana.We have given so many representations.There are MSME units are there, and set up only on the basis, and theyTechnical Advisor of the Knitwear Club, Chartered Accountant Raj MittalJIT all the payments should be there. Banker within a week. 5-10 lakh subsidy, Ahmedabad.Around 400 units have applied their grievances in this matter. Giriraj have made a portal regarding the grievances. They would handle it positively.
