Gujarat Textile Policy: Interest Subsidy
State: Gujarat
Ministry: null
Department: Industries and Mines Department
Category: Business & Entrepreneurship
Beneficiary Type: Business Entity, Industries

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.

Benefits:
**Financial Assistance:**
**Category of Taluka****Activity 1****Activity 2**[Category 1](https://ic.gujarat.gov.in/documents/commondoc/2020/I-Branch_2297_02_Nov_2020_98_06112020.pdf) &amp;amp;amp;amp; 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 2](https://ic.gujarat.gov.in/documents/commondoc/2020/I-Branch_2297_02_Nov_2020_98_06112020.pdf)7% 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 3](https://ic.gujarat.gov.in/documents/commondoc/2020/I-Branch_2297_02_Nov_2020_98_06112020.pdf)5% 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<br>

Eligibility:
1. Industrial units must have taken a sanctioned term loan for Gross Fixed Capital Investment.
   1. The loan disbursement date must be on or after 01/01/2024 for units under implementation as of 01/10/2024.
   1. The unit must apply within one year from the Date of Commercial Production (DoCP).
   1. The unit must be in regular repayment of installments and interest.
   1. The unit must bear at least 2% interest on the term loan.

&amp;gt; **Eligible Activities:**

**Activity 1:**

  - Garments, Apparel &amp;amp;amp; Made-ups, Technical Textiles Activity (including Composite Unit)

**Activity 2:**

  - Weaving (with or without preparatory), Knitting, Dyeing &amp;amp;amp; 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).

Application Process:
[Offline]
Application for Registration:Step 1: The application has to be made to the Industries Commissioner in the prescribed format along with the following documents within one year from loan disbursement, production start, or policy operative date (whichever is later).
Step 2: On receipt of the application and after the scrutiny and verification of relevant documents as per the procedure prescribed, registration certificate will be issued by the Industrial Commissioner.
Application for Provisional/Final Eligibility Certificate:Application for Industrial Unit:
MSME Units having GFCI up to INR 10 Crore: After DoCP, the Industrial Unit shall submit an application to the General Manager, District Industries Center.
MSME Units having GFCI above INR 10 Crore and up to 50 Crore: After DoCP, the Industrial Unit  shall submit an application to MSME Commissioner for Provisional Eligibility Certificate within 1 year from DoCP or within one year from the date of issuance of this GR, whichever is later.
Other than MSME Units: After DoCP, the Industrial Unit, having registration shall submit an application for Provisional Eligibility Certificate to the Industries Commissioner within 1 year from DoCP or within 1 year from the date of issuance of the registration certificate, whichever is later.
Contact Us:
Industries CommissionerateDistrict Industries Center

Documents Required:
Document of registration of the industrial undertaking, as applicable under law, and the Industrial Entrepreneur Memorandum, as prescribed by the Government of India.
Documents related to legal possession of land with valid nonagriculture permission for industrial use, and registered purchase / Lease / Rent deed. If the plot or shed is in GIDC estate, a copy of the possession letter should be attached.
Consent to Establish from GPCB, if applicable.
Detailed Project Report containing the following:
Executive summary
Background
Details of existing business (in case of expansion)
Land/Shed details
Raw material procurement strategy
Manpower details
Techno-economic viability assessment
Financial analysis
Term loan sanction letter from financial institution(s)
Board Resolution / Authority Letter / PoA
PAN Card of Enterprise and Authorized Person
GST Registration with all Annexures
First Sale Bill ( In case of Commercial Production is commenced)
Audit Report (Before initiation of Expansion)