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Textile Subsidy
Effective from October 1st, 2024 to September 29th, 2029.
Eligible Activities: Activity 1: - Garments, Apparel & Made-ups, Technical Textiles Activity (including Composite Unit)
Activity 2: - Weaving (with or without preparatory), Knitting, Dyeing & Processing, Texturising, Twisting, Embroidery and MMF Spinning to manufacture yarn from Polyester Staple Fiber (PSF) / Viscose Staple Fiber (VSF) (excluding Spinning activity of Cotton and Synthetic Filament Yarn).
Financial Assistance:
Capital Subsidy: Category of Taluka | Activity 1 | Activity 2 | Category 1 & PM MITRA Park | 35% of eFCI *, Maximum ?100 Cr | 20% of eFCI, Maximum ?50 Cr | Category 2 | 30% of eFCI, Maximum ?100 Cr | 18% of eFCI, Maximum ?50 Cr | Category 3 | 20% of eFCI, Maximum ?50 Cr | 10% of eFCI, Maximum ?40 Cr |
*eFCI Means Eligible Fixed Capital Investment made in New Building, Plant & Machinery.
Interest Subsidy:
Category of Taluka | Activity 1 | Activity 2 | Category 1 & PM MITRA Park | @7% of Term Loan for 8 years; upto 3% of eFCI p.a. | @7% of Term Loan for 7 years; upto 2% of eFCI p.a. | Category 2 | @7% of Term Loan for 8 years; upto 2.5% of eFCI p.a. | @7% of Term Loan for 7 years; upto 3% of eFCI p.a. | Category 3 | @5% of Term Loan for 6 years; upto 2% of eFCI p.a. | @5% of Term Loan for 5 years; upto % of eFCI p.a. |
Power Tariff Subsidy:
INR 1/- Unit (kWh) availing power either from DISCOM or Renewable Power through open access for 5 years from the Date of commencement of Commercial Production.
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