Which of the following statements is/are correct about the Amended Technology Upgradation Fund Scheme (ATUFS)?

1. ATUFS has been introduced by the Ministry of Textiles (MoT) for textiles and jute industry to facilitate induction of state-of-the- art technology.

2. The primary objective of the Scheme is to provide financial assistance to a group of entrepreneurs to establish state-of-the-art infrastructure facilities in a cluster for setting up their textile units.

Select the correct answer using the code given below:

• Amended Technology Upgradation Funds Scheme (ATUFS) has been introduced by the Ministry of Textile (MoT) for textiles and jute industry to facilitate induction of state-of-the- art technology by the textile units for the implementation period from 2016 to 2022.

• The maximum Capital Investment Subsidy (CIS) for overall investment by an individual entity under ATUFS will be restricted to Rs. 30 crore.

• The primary objective of the Scheme is to provide financial assistance to a group of entrepreneurs to establish state-of-the-art infrastructure facilities in a cluster for setting up their textile units, conforming to the international environmental and social standards, and thereby, mobilize private investment in the textile sector and generate fresh employment opportunities.