GTCIS
What this is
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.
In detail
The "Gujarat Textile Policy" is an umbrella scheme introduced by the Industries and Mines Department, Gujarat. It aimed at augmenting investments in the textile sector and strengthening the textile value chain across each sub-sector, while also focusing on strengthening the garments and apparel as well as technical textiles industry. Effective from October 1st, 2024 to September 29th, 2029, this initiative focuses on reducing the carbon footprint and promoting green growth, thereby making the sector globally competitive and environmentally sustainable.
The component "Interest Subsidy" provides financial assistance in the form of a credit-linked interest subsidy for eligible industrial activities. This subsidy helps reduce the financial burden on industrial units by reimbursing a portion of the interest paid on term loans for Gross Fixed Capital Investment.
Who qualifies
- 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).
What you get
Financial Assistance:
Category of TalukaActivity 1Activity 2Category 1 & PM MITRA Park7% on Term Loan for 8 years; Maximum 3% of eFCI per annum 7% on Term Loan for 7 years; Maximum 2% of eFCI per annum Category 27% on Term Loan for 8 years; Maximum 2.5% of eFCI per annum 7% on Term Loan for 7 years; Maximum 2% of eFCI per annum Category 35% on Term Loan for 6 years; Maximum 2% of eFCI per annum 7% on Term Loan for 5 years; Maximum 2% of eFCI per annum
not about the scheme.
Provenance
| schemeName | Gujarat Textile Policy: Interest Subsidy | myScheme · 2026-09-02 |
| schemeOpenDate | 2024-10-01 | myScheme · 2026-09-02 |
| schemeCloseDate | ... | not published at source |
| nodalMinistryName | ... | myScheme · 2026-09-02 |
| dbtScheme | False | myScheme · 2026-09-02 |
| achievement data | ... | no source publishes this for any central scheme |