Capital Investment Subsidy on Textile Sector

10 May
Textile Sector

Capital Investment Subsidy on Textile Sector

“Central Govt.’s scheme for the textile sector industries”

The textile ministry is running a capital investment subsidy scheme for textile sector industries. Units engaged in weaving, manufacturing garments, technical textiles and processing of jute, silk & handloom etc. are eligible under this scheme.

If an entrepreneur is planning to upgrade his textile machinery technologically in an already running unit or establishing a new unit equipped with the latest technology then they can avail following benefits under this scheme:

A sum of 10% or 15% (depending on the category of activity) of eligible machinery cost can be received as the subsidy, the maximum subsidy amount admissible is Rs. 30 Crores for a project.

For further inquiry please contact us.