MSME Subsidy
MSME Textile Subsidy Schemes from the Maharashtra Government
Maharashtra is one of India’s leading industrial hubs and offers a wide range of subsidies and incentives to support Micro, Small, and Medium Enterprises (MSMEs). These initiatives are aimed at promoting growth, modernization, and competitiveness among MSMEs across various sectors. Below is a comprehensive overview of the major MSME Textile subsidy schemes offered by the Maharashtra government.
Amended Technology Upgradation Fund Scheme (ATUFS)
ATUFS provides capital subsidies of 10-15% for MSMEs to upgrade machinery and technology, focusing on segments like garments, technical textiles, and weaving.
Production Linked Incentive (PLI) Scheme for Textiles
With a budget of ₹10,683 crore, the PLI scheme incentivizes the production of Man-Made Fiber (MMF) fabrics, garments, and technical textiles. It aims to attract investments, increase turnover, and create employment over five years.
Scheme for Integrated Textile Parks (SITP)
SITP offers grant assistance up to 40% of the project cost (capped at ₹40 crore) to develop state-of-the-art textile parks with common facilities like effluent treatment plants and warehouses, encouraging public-private partnerships.
Credit Linked Capital Subsidy Scheme (CLCSS)
CLCSS provides a 15% upfront capital subsidy to MSMEs for technology upgradation, facilitating the modernization of production equipment and techniques.
Investment Promotion Scheme (IPS) for Textile Sector
This scheme offers credit-linked interest subsidies to industries in textiles, technical textiles, fabrics, carpets, garments, apparel, and textile machinery manufacturing. Eligible units can receive a 60% subsidy on interest charged by banks, up to ₹60 lakh per annum for five years.
Scheme for Integrated Textile Parks (SITP)
SITP offers grant assistance up to 40% of the project cost (capped at ₹40 crore) to develop state-of-the-art textile parks with common facilities like effluent treatment plants and warehouses, encouraging public-private partnerships.
SAMARTH Scheme (Skill Development in Textile Sector)
SAMARTH Scheme is a skill development initiative by the Ministry of Textiles to train youth in textile-related trades like weaving, stitching, dyeing, etc., with free training and NSQF certification.
Prime Minister’s Employment Generation Programme (PMEGP)
PMEGP Scheme provides a subsidy up to 35% of the project cost for the general category (25% in urban areas), and up to 50% for special categories like SC/ST, women, etc.
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides collateral-free credit up to ₹2 crore.
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