Andhra Bank
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Technology upgradation fund scheme (TUFs) for textile & jute industries in SSI Sector.

A scheme devised by Govt. of India, Ministry of Textiles, to enable SSI units (Textile/Jute industrial sector) to induct State-of-the-art technology in which technology levels are bench marked in terms of specified machinery for each sector of textile industry. Machinery with technology levels lower than that specified will not be permitted for funding under the TUF scheme.

  Eligible Borrowers

Sole Proprietorships, Partnerships, Co-operative Societies, Private/Public limited companies.


Existing units with or without expansion and new units


Existing units proposing to modernize and/or expansion with state-of-the-art-technology


New units which are being set up with appropriate technology


  Quantum Of Loan & Mode Of Assistance

Assistance shall be need based and NO CEILING on project cost/amount of loan. Assistance shall be by way of Term Loan.


15 to 25% of the project cost


1st charge on fixed assets financed under the scheme Additional security such as personal guarantees, pledge of promoters share holdings as determined by Bank on merits of the case

  Incentive Available Under The Scheme

Incentive Available Under The Scheme


Within 7 years including moratorium up to 1 year


Conditions apply. The information provided above is only illustrative and not exhaustive. 


For more details, please contact your nearest  Andhra Bank Branch

or E-mail to: ;