Gujarat Government provides special subsidy to boost textile sector

Gujarat government has provided a better incentive to textile industries in the state to boost exports and investment. It provides specific measures for interest subsidy in loans, subsidy in power tariff and also incentives for water conservation and other pollution control measures.

The government will provide a subsidy of ₹ 3 per billed electricity unit (Kwh) for textile units having low tension power connection and ₹ 2 per billed unit (Kwh) for units having high tension power connection. The scheme will provide special incentive for new units, which intend to go for forward or backward integration. Another important feature of the scheme is the interest subsidy of a maximum of Rs 20 crore per annum. The interest subsidy will be eligible on loan amount disbursed for gross fixed capital investment.

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