Union government will re-introduce Technology Upgradation Fund Scheme (TUFS) to promote ___?

Union government will re-introduce Technology Upgradation Fund Scheme (TUFS) to promote ___?
[A]Textile Industries
[B]Sericulture
[C]Large Scale Industries
[D]Skill Development

Textile Industries
Technology Upgradation Fund Scheme (TUFS) was first introduced in 1999 to catalyse investments in the textile and jute industry, with five percent interest reimbursement. The scheme was initially approved from April 1999 to March 2004, extended to 2007 with modification and further restructured with effect from April 2011, to March 2012. Now government is planning to reintroduce the TUFS for at least 10 years, in the new textile policy.

Download GKToday's Android App for Current Affairs updates and quizzes.

Comments