Key Policy Objectives
Attract investment for creating new job
opportunities
Promote Make in India and meet domestic demand
for textiles
Promote development of textile industry in
backward areas
Ensure rapid availability of skilled labour in
Textile industry
Key policy highlights
- Land Subsidy @50% of land cost (30% in GB Nagar district) on land purchase from State Agencies
- Stamp Duty exemption @100% (75% in GB Nagar district)
- SGST refund for 10years @90% to MSME units, @80% to Mega units
- Electricity Duty exemption @100% to new units for 10 years
- Capital Investment Subsidy @25% for plant and machinery based on investment
- Interest Subsidy @7% upto Rs 1.5 cr (upto Rs 75 lacs for GB Nagar) for 7 years for procurement under TUFS
- Infrastructure Interest Subsidy@5% upto Rs 1 cr for 5 years per unit for developing infrastructural amenities
- Quality Development Subsidy@ 5% upto Rs 1 cr for 5 years per lab for research and quality improvement
- EPF reimbursement for 5 years to new unit @50% with min 100 workers & @60% with min 200 workers Special Incentives for Textile Parks
- Stamp duty exemption @100% to developer (except in GB Nagar district), and @50% to first buyer of plot/unit
- Interest Subsidy @50% on purchase of land for 7 years upto Rs 50 Cr; and @60% for 7 years for construction of staff-quarters, hostel/dormitory.
Download Policy Document (English Language) Size : 125 KB Last Updated On – July 26, 2021 Download Policy Document (Hindi Language) Size : 2.34 MB Last Updated On – July 26, 2021
