Scheme for Textile Industry

Textile – Capital Subsidy – Maharashtra

Scheme for incentive to Textile industries

Validity: Scheme is valid from 17th February, 2018 to 31st March, 2023.

 

 

Eligible Amount for subsidy

  • Long term loans for capital subsidy under C- TUFS scheme for machinery
  • long term loans approved by FI or banks for machinery approved by state government 
  • Cost of machinery approved by state government

Capital Subsidy quantum:

Category Processing (yarn, fabric, printing), technical textile knitting, Hosiery and Garmenting Composite unit Spinning Ginning, Pressing
% of eligible amount
General category unit 40% 35% 25%
SC/ST/Minority category 45% 40% 30%
Additional subsidy for production of Yarn, fabric and other products from non-conventional yarn 10% 10% –
Category Conversion of old Plain powerlooms to shuttle less rapier looms or looms based on latest technology New powerlooms based on latest technology, weaving, preparatory, warping, sizing, conning, twisting, doubling, TFO and other textile units
% of eligible amount
General category unit 25% 25%
SC/ST/Minority category 30% 30%

Disbursement of capital subsidy

  • First instalment : 30% of eligible amount after 12 months from start of production
  • Second instalment: 30% of eligible amount after 24 months from start of production
  • Third instalment: 40% of eligible amount after 36 months from start of production

Scheme for modernization of plain powerlooms

Type of modernization Subsidy rate per loom
General Category  Scheduled castes Scheduled Tribes
Conversion of simple powerloom to semi-automatic shuttle loom Rs. 10,000 Rs. 6800 Rs. 2400
Conversion of semi-automatic shuttle loom to shuttle less rapier loom Rs. 17,500 Rs. 10000 Rs. 4000
Conversion of simple powerloom to shuttle less rapier loom Rs. 28000 Rs. 16000 Rs. 6400

This is availble only to owners received grant from central government under “Pilot scheme of in situ upgradation of plain powerloom for SSI sector”

textile policy-maharas