small businesses. I propose to provide, with World Bank assistance, a sum of 2,200 crore ` during the 12 Plan period to set up 15 additional Centres. th Incubators play an important role in mentoring new businesses which start as a small or 76. medium business. The new Companies Bill obliges companies to spend 2 percent of average net profits under Corporate Social Responsibility (CSR). I am glad to announce that the Ministry of Corporate Affairs will notify that funds provided to technology incubators located within academic institutions and approved by the Ministry of Science and Technology or Ministry of MSMEwill qualify as CSR expenditure.

##### Textiles

77. propose to continue the Technology Upgradation Fund Scheme (TUFS) for the textile 77. propose to continue the Technology Upgradation Fund Scheme (TUFS) for the textile sector in the 12 Plan with an investment target of 151,000 crore. The major focus would be on ` th modernisation of the powerloom sector. I propose to provide 2,400 crore in 2013-14 for the ` purpose. Textile parks have been set up under Scheme for Integrated Textile Parks (SITP). It is 78. proposed to set up Apparel Parks within the SITPs to house apparel manufacturing units. To incentivise such Apparel Parks, I propose to allocate 50 crore to the Ministry of Textiles to ` provide an additional grant of upto 10 crore to each Park. ` A new scheme with an outlay of 500 crore called the Integrated Processing ` 79. Development Scheme will be implemented in the 12 Plan to address the environmental th concerns of the textile industry, including improving the effluent treatment infrastructure. I propose to provide 50 crore in 2013-14 for the scheme. ` The handloom sector is in distress. A very large proportion of handloom weavers are 80. women and belong mainly to the backward classes. I propose to accept their demand for working capital and term loans at a concessional interest of 6 percent. 150,000 individual weavers and 1,800 primary cooperative societies will benefit in 2013-14. I propose to allocate an additional sum of 96 crore in 2013-14 to the Ministry of Textiles for interest subvention. ` India has a rich heritage of traditional industries. Khadi, village industries and coir were 81. taken up for development during the 11 Plan under the Scheme of Fund for Regeneration of th Traditional Industries (SFURTI). The 12 Plan has provided an outlay of 850 crore. I propose ` th to leverage assistance from Multilateral Development Banks to extend SFURTI to 800 clusters during the 12 Plan. 400,000 artisans are expected to be benefited. th

Foreign Trade I look forward to the changes that will be made to the Foreign Trade Policy next month 82. I look forward to the changes that will be made to the Foreign Trade Policy next month 82. and I assure my support to measures that will be taken to boost exports of goods and services.

- V. FINANCIAL SECTOR

83. financial sector is at the heart of the economy. 83. financial sector is at the heart of the economy. Hon'ble Members are aware that Government constituted the Financial Sector Legislative 84. Reforms Commission (FSLRC) in 2011. I am informed that the report will be presented next