30 Crore Subsidy for Textile & Manufacturing || Latest Scheme by Govt.of India 2021|| Loan Subsidy

Hello everyone today I'll be talking about AMENDED TECHNOLOGY UPGRADATION FUND SCHEME which is central scheme for people who want to expand their textile or manufacturing bussiness or want to establish a new unit.
This is a capital subsidy for investments in employment and technology intensive segments of textile value chain keeping in view promotion of exports and import substitution.
ELIGIBILITY:-
Only those and Titus that fall under the following sectors are eligible to apply:
Weaving ,weaving preparatory and knitting
Processing of fibres yarns fabrics garments and made up
Handloom sector
Silk sector
Jute sector
Garment/Made up manufacturing
Technical textiles
AMOUNT OF SUBSIDY:-
For government and technical textiles segment the rate of capital intensive subsidy is 15% of eligible machines subject to a cap of 30 crore per individual entity
Weaving for brand new shuttleless looms processing jute silk and handlooms 10% on eligible machines subject to a cap of 20 crore two individual entity.
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