Ministry of Textiles (MoT) will simplify the procedure for joint inspection using a calibrated approach to linking joint inspect to subsidy support size by reducing burden on bracket lower than Rs. 50 lakh instead of the current 100 per cent.
This was decided in the 5th Inter Ministerial Steering Committee (IMSC) meeting of the Ministry of Textiles on Amended Technology Up-gradation fund Scheme (ATUFS).
Union Minister of Commerce and Industries, Textiles Piyush Goyal and Minister for State for Textiles, Smt. Darshana Vikram Jardosh, officials of other departments, textiles industry associations and banks also participated in the meeting.
They reviewed the ATUFS to boost the textile industry by enabling ease of doing business, bolstering exports and fuelling employment. Besides fixing the timeline for conducting IMSC meetings quarterly to facilitate implementation, the stakeholders discussed various issues that included reduction of compliance burden by accepting only single certificate from the concerned bank instead of multiple documents regarding evidence of payment for claimed machineries.
Rationalisation of GR related to cases of consortium finance, consideration of standalone embroidery machines w.e.f. inception of the ATUFS, facilitating industry by providing condonation of filing for UIDs to 1,795 pending cases besides the cases in which cut off dates fall between 23 March 2021 and 22 October 2021 (Covid second wave period) with timeline of its submission to Office of Textile Commissioner/iTUFS within 90 days ( i.e., total period for units and banks).
Secretary (Textiles) and Textile Commissioner will be looking into the modalities for simplification of enlistment of machinery manufacturers and accessories/spares parts manufacturers.
Piyush Goyal suggested that Ministry and Textile Commissioner should rework the physical verification mechanism to automated verifications through video conferencing mode.
He also said that the provision for self-certification of machinery by units and random verification by office of Textile Commissioner may be considered in place of present physical inspection.