Ministry of Textiles issues Corrigendum to Guidelines of the Scheme for Integrated Textile Parks

Jul 09, 2018 | by Avantis RegTech Legal Research Team


The Ministry of Textiles vide notification dated June 20, 2018 has issued Corrigendum to Guidelines of the Scheme for Integrated Textile Parks (SITP) for next three years with effect from April 01, 2017 to March 31, 2020

The table in Para No. 4.1 of the above guidelines is substituted as under:

Sr.No

Segment

Capital investment subsidy (CIS)

CIS per individual entity

1

Garmenting, technical Textiles 1

15% on eligible machines

Rs. 30 Crore

2

Weaving for brand new shuttle-less looms (including weaving preparatory and knitting). Processing, Jute, Silk and Handloom.

10% on eligible machines

Rs. 20 Crore

3

Composite unit/ Multiple segments – if the eligible capital investment in respect of garmenting and technical textiles category is more than 50% of the eligible project cost

15% on eligible machines

Rs. 30 Crore

4

Composite unit/ Multiple segments – if the eligible capital investment in respect of garmenting and technical textiles category is less than 50% of the eligible project cost.

10% on eligible machines

Rs 20 Crore

 

*In case the applicant had availed subsidy earlier under RRTUFS, he will be eligible for only the balance amount within the overall ceiling fixed for an individual entity. The maximum subsidy for overall investment by an individual entity under ATUFS will be restricted as indicated above for the respective segments.

[No. 19/02/2016-SITP Cell.]

URL: http://egazette.nic.in/WriteReadData/2018/187106.pdf


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