• 5% exchange fluctuation (interest & repayment) from the base rate on FCL, or
• 15% credit linked capital subsidy for SSI sector, or
• 20% credit linked capital subsidy for powerloom sector (An option for ‘front ended’ subsidy
provided w.e.f. 1st October, 2005), or
• 5% interest reimbursement plus 10% capital subsidy for specified processing machinery.
IDBI, SIDBI and IFCI were the nodal agencies for Non-SSI textile sector, SSI textile sector and Jute sector respectively. However, w.e.f. 1st October, 2005, 13 additional nodal banks have been appointed under TUFS for determining eligibility & releasing the subsidy for the cases financed by them.
To know more details on TUFS : click here.