ANNOUNCED AS TEMPORARYYes
In addition to a 15% Capital Investment Subsidy already provided under the Amended Technology Upgradation Fund Scheme (TUFS), an additional 10% capital subsidy has been approved for installation of eligible machinery in the made-ups sector. This 10% additional subsidy is capped at INR 20 crores (~ USD 3 million) and enhances the total subsidy available for such capital investments from INR 30 crores to INR 50 crores.
The amount of this additional subsidy will be disbursed after a period of 3 years, provided the made-up units applying for the subsidy meet their production and employment targets.
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