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Gujarat Textile Policy: Interest Subsidy (Fiscal Incentives to Labour Intensive Unit)

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.

Ministry / Department
Industries and Mines Department
Level
State
Benefit type
cash
Last verified: Recently

What is Gujarat Textile Policy: Interest Subsidy (Fiscal Incentives to Labour Intensive Unit)?

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.

Benefit
**Financial Assistance:** **Category of Taluka****Activity 1****Activity 2**Category 1 & PM MITRA Park7% on Term Loan for 8 years; Maximum 3% of eFCI per annum 7% on Term Loan for 8 years; Maximum 3% of eFCI per annum Category 27% on Term Loan for 8 years; Maximum 3% of eFCI per annum 7% on Term Loan for 8 years; Maximum 3% of eFCI per annum Category 37% on Term Loan for 8 years; Maximum 3% of eFCI per annum 7% on Term Loan for 8 years; Maximum 3% of eFCI per annum
Level
State — Gujarat
Ministry / Dept.
Industries and Mines Department
Benefit type
cash
Key eligibility
1. The industrial unit must be recognized as a Labour Intensive Unit. 1. Industrial units must have taken a sanctioned term loan for Gross Fixed Capital Investment. 1. The loan disbursement date must be on or after 01/01/2024 for units under implementation as of 01/10/2024. 1. The unit must apply wi
Last verified
Recently

Benefits

**Financial Assistance:** **Category of Taluka****Activity 1****Activity 2**Category 1 & PM MITRA Park7% on Term Loan for 8 years; Maximum 3% of eFCI per annum 7% on Term Loan for 8 years; Maximum 3% of eFCI per annum Category 27% on Term Loan for 8 years; Maximum 3% of eFCI per annum 7% on Term Loan for 8 years; Maximum 3% of eFCI per annum Category 37% on Term Loan for 8 years; Maximum 3% of eFCI per annum 7% on Term Loan for 8 years; Maximum 3% of eFCI per annum

Eligibility

1. The industrial unit must be recognized as a Labour Intensive Unit. 1. Industrial units must have taken a sanctioned term loan for Gross Fixed Capital Investment. 1. The loan disbursement date must be on or after 01/01/2024 for units under implementation as of 01/10/2024. 1. The unit must apply wiArea: GujaratBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Offline application — step 1

      Application for Registration: Step 1: The application has to be made to the Industries Commissioner in the prescribed format along with the following documents within one year from loan disbursement, production start, or policy operative date (whichever is later). Step 2: On receipt of the application and after the scrutiny and verification of relevant documents as per the procedure prescribed, registration certificate will be issued by the Industrial Commissioner. Application for Provisional/Final Eligibility Certificate: Application for Industrial Unit: MSME Units having GFCI up to INR 10 Crore: After DoCP, the Industrial Unit shall submit an application to the General Manager, District Industries Center. MSME Units having GFCI above INR 10 Crore and up to 50 Crore: After DoCP, the Industrial Unit shall submit an application to MSME Commissioner for Provisional Eligibility Certificate within 1 year from DoCP or within one year from the date of issuance of this GR, whichever is later. Other than MSME Units: After DoCP, the Industrial Unit, having registration shall submit an application for Provisional Eligibility Certificate to the Industries Commissioner within 1 year from DoCP or within 1 year from the date of issuance of the registration certificate, whichever is later. Contact Us: Industries Commissionerate District Industries Center

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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