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Loan under tuf scheme

Sandhya (19 Points)

10 May 2007

we are belonging to textile industry and there is various schemes one of the scheme is term loan under Tuf tell me if we already invested in the project and we want take Loan now on this project can we take it 6 onths has been lapsed from the completion of project please immediately give the answer if any one have knoeledge.

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3 Replies

Iyerjayadevan (39 Points)
Replied 10 May 2007

TUF is a subsidy scheme. It is co ordinated by the bank from you take the loan. There is capital investment subsidy as well as interest subsidy. You will have to contcat the District Industries Circle to find out abou the application and other related formalities. I feel you should be eligible prvided your industry falls under the approptiate zone.

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kuberdhan (business) (23 Points)
Replied 31 May 2009

contact me ..i can guve u contact number of consultant.

Purvi (article assistant) (28 Points)
Replied 21 February 2012

Well, You need to take term loan covered under TUF to get capital subsidy of TUF. You dont need to fall under any parlicular zone but being in textile industry and doing project for purchasing any machinery to be used in this industry eligibles you concern for TUF subsidy to be given by the central govt. But as you have already inveted in project you cant get TUF subsidy but you will get it in future whenevr you wanna purchase new machinery and you provide the respective bank with the quotation of the said machine. :) you can ask me about this, if you want to get its further knowledge :)