textile upgradation fund may be extended

The Union Minister of State for Textiles, Mr E.V.K.S. Elangovan, on Wednesday indicated the possibility of extension of the textile upgradation fund (TUF) scheme.

He, however, maintained that the outcome would be known only during the Budget session.

Mr Elangovan was responding to the issues raised by the South India Small Spinners Association (SISSPA).

The association, in a memorandum sought the support and consideration of the Centre on five specific issues, such as time extension for TUF scheme, the need for streamlining the process for TUF to reduce the delay in disbursement of funds, special subsidy for combers and autoconers under TUF, initiating schemes for youth to tide over the skilled manpower shortage in the textile industry and reduction in the import duty for autoconers.

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