In addition to VRS, some of the other investments eligible under the TUF to the extent necessary for the upgradation of plant and equipment includes: land and factory building including renovation of factory building and electrical installations, energy saving devices, effluent treatment plants, water treatment plants for captive industrial use and captive power generation.

As the name suggests, the main objective of this scheme is to promote technology upgradation in the textiles and the jute industry. The focus under the scheme is on technology upgradation in the existing units and setting up of new high-tech units. The aim is to bring about qualitative improvement in production, productivity and quality by adoption of higher technology.