“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.