Gujarat Textile Policy: Interest Subsidy
in Gujarat
Last updated:
Key dates and updates (Gujarat)
Nationwide and Gujarat-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Gujarat Textile Policy: Interest Subsidy in Gujarat
Gujarat Textile Policy: Interest Subsidy is a government scheme available to eligible residents of Gujarat.
Apply for Gujarat Textile Policy: Interest Subsidy in Gujarat
Scheme Overview
The "Gujarat Textile Policy" introduced by the Industries and Mines Department aims to create a vibrant Textile Sector ecosystem and generate enormous employment opportunities in the State.
Eligibility Criteria
Industrial units must have taken a sanctioned term loan for Gross Fixed Capital Investment.
The loan disbursement date must be on or after 01/01/2024 for units under implementation as of 01/10/2024.
The unit must apply within one year from the Date of Commercial Production (DoCP).
The unit must be in regular repayment of installments and interest.
The unit must bear at least 2% interest on the term loan.
> **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).
Benefits
Financial Assistance:
Required Documents
| # | Document |
|---|---|
| 1 | Document of registration of the industrial undertaking, as applicable under law, and the Industrial Entrepreneur Memorandum, as prescribed by the Government of India. |
| 2 | Documents related to legal possession of land with valid nonagriculture permission for industrial use, and registered purchase / Lease / Rent deed. If the plot or shed is in GIDC estate, a copy of the possession letter should be attached. |
| 3 | Consent to Establish from GPCB, if applicable. |
| 4 | Detailed Project Report containing the following: |
| 5 | Term loan sanction letter from financial institution(s) |
| 6 | Board Resolution / Authority Letter / PoA |
| 7 | PAN Card of Enterprise and Authorized Person |
| 8 | GST Registration with all Annexures |
| 9 | First Sale Bill ( In case of Commercial Production is commenced) |
| 10 | Audit Report (Before initiation of Expansion) |
Common questions in Gujarat
Who can apply for Gujarat Textile Policy: Interest Subsidy in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Gujarat Textile Policy: Interest Subsidy. Refer to the eligibility section above for the complete checklist.
What documents are required for Gujarat Textile Policy: Interest Subsidy in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Gujarat Textile Policy: Interest Subsidy?
Key dates are summarized in the table on this page, from 1 October 2024 through 1 October 2024, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
The "Gujarat Textile Policy" is a government initiative aimed at strengthening the textile sector by promoting investment, sustainability, employment generation, and value chain integration.