7 Must Know Subsidies for an Indian Entrepreneur
7 Must Know Subsidies for an Indian Entrepreneur
Credit Linked Capital Subsidy Scheme (CLCSS)
Subsidy for Establishing Cold Chain
Technology Upgradation Fund Scheme (TUFS) – Textile Sector
The Textiles sector is the second largest provider of employment after agriculture. It contributes about 14% to industrial production, 4% to the GDP, and 17% to the country’s export earnings. It provides direct employment to over 35 million people, which includes a substantial number of SC/ST, and women. Therefore, the Ministry of Textiles through its flagship scheme, the Technology Upgradation Fund Scheme(TUFS) has helped the industry scale new heights and improve technology to match global standards. Under the TUFS Scheme, Interest Reimbursement of 5% is provided on interest charged by the financial institutions or banks for textile technology upgradation projects. In addition, the scheme also provides for margin money and/or capital subsidy for investment in many types of textiles manufacturing equipment like power looms, common effluent treatment plants, garment machinery, machinery for technical textiles, handlooms, etc., Click here to know more about TUFS Scheme Guidelines.
Subsidy for Acquiring Quality Management System
Interest Subsidy for MSME Units in Gujarat
Capital Subsidy for Solar Lighting and Small Capacity PV Systems
Support for International Patent Protection in Electronics & IT
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