Subsidy to Textiles Industries

Scheme for financial assistance by way of credit linked Interest Subsidy in Spinning, Weaving, Knitting, Apparel and Machine Carpeting.The textile manufacturing units of above eligible activities are eligible to get benefit under this scheme for following
• For establishing new enterprises which commence commercial production during operative period of the scheme.
• For carrying out expansion or diversification with investment more than 50% of its existing gross fixed capital investment.
• For Modernization of existing unit by investing more than 25% of its existing gross fixed capital investment to upgrade technology by way of adopting new technology/ production process and/or improving quality of products.

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