Reduces the financial burden of term loans for gross fixed capital investment in textiles.
Benefits
- 5% to 7% subsidy on term loans for 5 to 8 years.
- Annual cap: 2% to 3% of eFCI.
- Unit must bear at least 2% interest.
Eligibility
- Sanctioned term loan required.
- Regular repayment of installments.
- Loan disbursement on or after 01/01/2024.
Gujarat Textile Policy: Interest Subsidy (Fiscal Incentives to Labour Intensive Unit)
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