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Article--Extracts of Scheme for Assistance to Textile & Apparel Sector Government of Gujarat, Industries & Mines department
Textile industry has its unique position as a self reliant industry from the production of raw materials to fabric and garments and has a major contribution to the Economy of Gujarat & India.
Gujarat is a leading textile state in the country. The state contributes 33% of mill made fabric and 25% power loom fabric of the country. Textile also accounts for about 21% of total employment in the industrial sector of the state.
Considering huge potential in this sector both in terms of investment & employment generation Government intends to promote entire textile value chain of 5F i.e. Farm- Fibre-Fabric- Fashion-Foreign Trade. The industrial Policy 2009 provides support to promote all these sectors with an integrated approach.
Scheme includes :
Interest Subsidy
Interest Subsidy in Technical Textiles
Assistance for Technology acquisition and upgradation
Assistance to Apparel Training Institutions and trainees
Training support to Power loom Sector
Support for Textile and Apparel Park
Herewith we are providing eligible activities and quantum of assistance of following two schemes
Sr. No. Interest Subsidy Interest Subsidy in technical Textiles
Eligible Activity Spinning— 5000 or more spindles
Weaving — As specified in TUFS
Knitting, Apparel & Machine carpeting — Investment in Plant & Machinery of Rs. 5 Crores or more Agrotech Buildtech Clothtech Geotech Hometech Indutech Meditech Mobiltech Oekotech Packtech Protech Sporttech Defebcetech
Quantum of Assistance Interest subsidy @ 5% upto Rs. 30 Lacs p.a. and for spinning mill Rs.40 lacs p.a. Interest subsidy @ 6% in new plant & machinery upto Rs.125 Lacs during operative period of the scheme.
Period of Application The enterprise should apply within one year of loan disbursement The enterprise should apply within one year of loan disbursement
Period of Assistance Five years or period of repayment of loan whichever is earlier Five years or period of repayment of loan whichever is earlier
Availability This subsidy is in addition to any other incentives available of other schemes of Government of India This is in addition to any other incentives available of other schemes of state Government & Government of India
With fulfillment of criteria specified as per scheme any one can apply for subsidy for financial assistant mentioned in the scheme.. A state level committee is constituted for sanction of assistance with respect to proposal received under the above mentioned scheme. With fulfillment of criteria specified as per scheme any one can apply for subsidy for financial assistant mentioned in the scheme.. A state level committee is constituted for sanction of assistance with respect to proposal received under the above mentioned scheme. With fulfillment of criteria specified as per scheme any one can apply for subsidy for financial assistant mentioned in the scheme.. A state level committee is constituted for sanction of assistance with respect to proposal received under the above mentioned scheme.
