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Tech upgradation fund scheme to get extension
The technology upgradation fund scheme (TUFS), which ended in March, will be further extended, but under the 12th Five-Year Plan. This was stated by Anand Sharma, minister of commerce, industry and textiles, in a press conference after the All India Powerloom Board Meeting.
“Of the Rs 75,000-crore offtake under TUFS so far, the powerloom sector’s offtake is less than Rs 7,000 crore,”
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