• 10% capital subsidy in addition to 5% interest reimbursement for machineries required in manufacture of t technical textiles and garments will be provided. The same level of assistance will continue for specified processing machinery.
• Interest subsidy/capital subsidy/Margin Money subsidy on the basic value of the machineries and exclude the tax component for the purpose of valuation.
• 25% capital subsidy on purchase of the new machinery and equipments for the pre-loom & post-loom operations, handlooms/up-gradation of handlooms and testing & Quality Control equipments, for handloom production units in addition investments like land, factory building, pre-operative expenses and margin money for working capital will be assisted with 50% cap.
• Investments like land, factory building, pre-operative expenses and margin money for working capital will now be ineligible for benefit of reimbursement under the scheme except meant for apparel sector with existing 50% cap.
Press Information Bureau Government of India
marketing@alchempro.com
