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The Arrival of a New Textile Scheme in 2022

The Technology Upgradation Fund Scheme was first launched in 1999 and is set to end on March 31, 2022. The Central Government has plans to introduce a new scheme titled Textile Technology Development Scheme to replace the old scheme in the upcoming Union Budget. The massive Rs. 16,600-crore scheme will increase innovation, job creation, compliance, and sustainability.


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