Textile Policy 2014

Textile Policy 20142018-06-04T08:53:18+00:00
  • Textile manufacturing units involved in Spinning, Knitting, Weaving, Processing, Garmenting etc., are eligible for the interest subvention.

  • Loan sanctioned or first disbursement made on and after November 2012 is eligible for the interest subvention.

  • Term Loans should have been sanctioned and availed from Banks / Financial Institutions.

  • Only New machineries are eligible.

  • Quantum of Interest subvention:

Sr. No. Areas where Project is Implemented Spinning Activity Other Activity
% of Interest Subvention Max. Limit of yearly subvention % of Interest Subvention Max. Limit of yearly subvention
1 Poorvanchal 7 100 Lakhs 5 100 Lakhs
2 Madhyanchal 7 100 Lakhs 5 100 Lakhs
3 Bundelkhand 7 100 Lakhs 5 100 Lakhs
4 Other parts 7 50 Lakhs 5 50 Lakhs
  • Expansion or Diversified units are also eligible for the interest subvention.

  • Only New units are eligible for electric duty exemption.