The Government of Maharashtra on October 15, 2024, notified regarding the Guidelines for Availability of Capital Investment Grant under Maharashtra Technology Upgradation Fund Scheme (Maha-TUFS).
The following has been stated:
• Terms and Conditions:
o Co-operative and private yarn mills existing in the state will be eligible under the scheme.
o Co-operative loom units and private loom units existing in the state will be eligible under the scheme.
o Co-operative and private mills as well as co-operative loom units and private loom units must have completed at least 15 years of production on existing machinery.
o The net worth of the textile component must be positive.
[Notification No Policy-2023/P.No.169/Tex-5]
