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Home » Unlocking Growth Opportunities in the Indian Textile Industry: A Comprehensive Guide to Government Subsidies and Incentives

Unlocking Growth Opportunities in the Indian Textile Industry: A Comprehensive Guide to Government Subsidies and Incentives

India has a rich history and tradition of producing high-quality textiles. It is one of the largest textile industries in the world, contributing significantly to the country’s economy and providing employment to millions of people. From cotton and silk to jute and wool, the Indian textile industry boasts a diverse range of products that cater to both domestic and international markets.

Importance of Subsidies in Promoting the Textile Sector

Subsidies play a crucial role in supporting and promoting the growth of the textile sector in India. They help in boosting the competitiveness of the industry by providing financial assistance, enabling technological upgrades, and fostering innovation. Subsidies also help in generating employment opportunities, promoting exports, and contributing to the overall development of the country.

The main aim of this blog is to provide you with a comprehensive guide to the various subsidies available for the textile industry in India. We will discuss different government schemes and state-specific subsidies, their objectives, eligibility criteria, and benefits. This information will help you understand the opportunities available to you and guide you through the application process for these subsidies.

Subsidies available for Textile Sector

In the following table, we have summarized key textile subsidies available in India, along with their benefits, eligibility criteria, and the application process. This concise overview aims to provide a quick understanding of various financial support schemes for the textile industry. By going through this table, you can gain insights into the incentives and assistance offered by the government to promote growth and development in the textile sector.

Subsidy NameBenefitsEligibilityHow to Apply
TUFS (Technology Upgradation Fund Scheme)5% interest reimbursement, 15% capital subsidy (subject to cap), Additional 10% capital subsidy for MSMEsSpinning, weaving, processing, garment manufacturing, technical textiles, made-ups, handloom, silk, jute, and textile machinery unitsApply through i-TUFS online portal
IPDS (Integrated Processing Development Scheme)Grants for modernization, environmental compliance, infrastructure, 70% grant for less developed areas, support for technologyTextile processing units, including new and existing projectsSubmit application to Ministry of Textiles, through the prescribed format
SITP (Scheme for Integrated Textile Parks)Financial support for infrastructure, up to 40% project cost, capped at INR 40 croreTextile companies, entrepreneurs, consortiums, and special purpose vehicles (SPVs)Apply through the online portal, submit proposal to Ministry of Textiles
A-TUFS (Amended Technology Upgradation Fund Scheme)15% capital subsidy for garment and made-up units, 10% capital subsidy for technical textile units, interest subsidy for technology upgradationGarment, technical textile, and made-up units, both new and existing projectsApply through i-TUFS online portal
PMCSPW (Powerloom Mega Cluster Scheme for Powerloom Weavers)Margin money subsidy up to 30%, interest subsidy up to 6%Powerloom weavers, individuals, and self-help groupsApply through banks, financial institutions, and cooperative societies, with required documentation
National Handloom Development Programme (NHDP)Financial assistance for skill development, design, and infrastructureHandloom weavers, weaver service centers, and handloom clustersApply through State Governments and Weaver Service Centers
Handicrafts Mega Cluster Mission (HMCM)Financial assistance for infrastructure, design, skill development, and marketingHandicraft artisans and clustersApply through State Governments and Handicrafts Development Offices
Rebate of State and Central Taxes and Levies (RoSCTL)Rebate on various state and central taxes and levies for export promotionTextile and apparel exportersAutomatic benefit for eligible exporters; claims processed through the Directorate General of Foreign Trade (DGFT)
National Technical Textiles Mission (NTTM)R&D support, market development, export promotion, and support for setting up technical textile unitsTechnical textile manufacturers, research institutions, and exportersApply through the Ministry of Textiles or designated implementing agencies
Silk Samagra – Integrated Scheme for Development of Silk IndustryFinancial assistance for R&D, seed production, post-cocoon processing, and marketingSericulture farmers, silk weavers, and silk processing unitsApply through Central Silk Board or State Sericulture Departments
Yarn, Fabrics & Made-ups Quality Upgradation SchemeFinancial assistance for setting up labs and acquiring testing equipmentTextile and apparel manufacturers, exporters, and testing labsApply through the Ministry of Textiles or designated implementing agencies
PowerTex IndiaCapital subsidy, interest subsidy, and support for infrastructure developmentPowerloom units, including new and existing projectsApply through State Governments and Powerloom Service Centers
Comprehensive Handlooms Cluster Development Scheme (CHCDS)Financial support for infrastructure, skill development, and marketingHandloom weavers, weaver service centers, and handloom clustersApply through State Governments and Weaver Service Centers
North East Region Textile Promotion Scheme (NERTPS)Capital subsidy, interest subsidy, and support for infrastructure developmentTextile units in the North East Region, including spinning, weaving, processing, and garment manufacturingApply through State Governments and designated implementing agencies
Export Promotion of Handicrafts SchemeSupport for marketing, skill development, and infrastructureHandicraft artisans and exportersApply through Handicrafts Development Offices and designated implementing agencies
Scheme for Capacity Building in Textile Sector (SCBTS)Skill development training, placement assistance, and stipendsUnskilled and semi-skilled textile workersApply through State Governments and designated training providers
Jute Integrated Development Scheme (JIDS)Financial assistance for technology upgradation, product diversification, and market promotionJute manufacturing units and jute farmersApply through National Jute Board and Jute Corporation of India
Cotton Technical Assistance Programme (CTAP)Financial support for technology upgradation, skill development, and marketingCotton farmers, ginners, and spinning millsApply through Cotton Corporation of India and designated implementing agencies
Wool Development SchemeSupport for wool production, processing, marketing, and skill developmentWool farmers, wool processing units, and exportersApply through Central Wool Development Board and State Wool Development Boards
Khadi & Village Industries Commission (KVIC) SchemesFinancial assistance for infrastructure, skill development, and marketingKhadi artisans and village industriesApply through Khadi & Village Industries Commission and State Khadi Boards
Carpet Export Promotion Scheme (CEPS)Financial support for marketing, design development, and skill trainingCarpet manufacturers and exportersApply through Carpet Export Promotion Council (CEPC) and designated implementing agencies
Pashmina Wool Development SchemeSupport for wool production, processing, marketing, and skill developmentPashmina wool farmers, processing units, and exportersApply through Ladakh Autonomous Hill Development Council and State Governments
Financial Support to Artisans (FSA) SchemeInterest subsidy on loans, credit guarantee, and margin money assistanceHandloom weavers and handicraft artisansApply through banks, financial institutions, and cooperative societies
Marketing & Export Promotion Scheme (MEPS)Financial assistance for marketing, product development, and skill trainingTextile and apparel manufacturers and exportersApply through the Apparel Export Promotion Council (AEPC) and other designated implementing agencies
Handloom Marketing Assistance (HMA) SchemeSupport for domestic marketing, organizing exhibitions, and buyer-seller meetsHandloom weavers and Handloom Development Organizations (HDOs)Apply through State Governments, Weaver Service Centers, and Handloom Clusters
Block Level Handloom Clusters (BLHC) SchemeInfrastructure support, skill development, and marketing assistanceHandloom weavers in block-level clustersApply through State Governments and Weaver Service Centers
Handloom Export Promotion Scheme (HEPS)Financial support for product development, marketing, and skill trainingHandloom exporters and manufacturersApply through Handloom Export Promotion Council (HEPC) and designated implementing agencies
Rural and Cottage Industries Scheme (RCIS)Financial assistance for infrastructure, skill development, and marketingRural and cottage textile industriesApply through State Governments and implementing agencies
Textiles Infrastructure Development Scheme (TIDS)Support for setting up textile parks, infrastructure, and common facilitiesTextile and apparel manufacturing units, entrepreneurs, and consortiumsApply through the Ministry of Textiles or designated implementing agencies
Handloom Weavers’ Comprehensive Welfare Scheme (HWCWS)Health insurance, life insurance, and financial assistance for educationHandloom weavers and their familiesApply through State Governments, Weaver Service Centers, and Handloom Clusters
Textile Workers Rehabilitation Fund Scheme (TWRFS)Financial assistance, vocational training, and employment opportunitiesTextile workers affected by permanent closure of millsApply through State Governments and implementing agencies
Eco-Labeling Scheme for TextilesFinancial assistance for eco-friendly certification, consultancy, and trainingTextile and apparel manufacturing units meeting eco-friendly criteriaApply through the Ministry of Textiles or designated implementing agencies
Cotton Textile Export Promotion Scheme (CTEPS)Financial support for marketing, design development, and skill trainingCotton textile manufacturers and exportersApply through Cotton Textile Export Promotion Council (TEXPROCIL) and designated implementing agencies
Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)Financial assistance for setting up incubation centers and technology business incubatorsTextile and apparel entrepreneurs, start-ups, and innovatorsApply through the Ministry of Micro, Small and Medium Enterprises (MSME) or designated implementing agencies
Scheme for the Development of Traditional Industries (SDTI)Infrastructure support, skill development, and marketing assistanceTraditional textile industries, including handloom, handicrafts, and khadiApply through State Governments and implementing agencies
Embroidery Cluster Development Scheme (ECDS)Infrastructure support, skill development, and marketing assistanceEmbroidery clusters, artisans, and entrepreneursApply through State Governments and implementing agencies
Textile Product Design and Development Scheme (TPDDS)Financial assistance for product design, development, and trainingTextile and apparel manufacturers, exporters, and design institutionsApply through the Ministry of Textiles or designated implementing agencies
Integrated Wool Development Programme (IWDP)Financial support for wool production, processing, marketing, and skill developmentWool farmers, processing units, and exportersApply through Central Wool Development Board and State Wool Development Boards
Coir Industry Technology Upgradation Scheme (CITUS)Financial assistance for technology upgradation and skill developmentCoir manufacturing units and coir clustersApply through Coir Board and designated implementing agencies
Minor Forest Produce (MFP) Development SchemeSupport for skill development, value addition, and marketingTribal communities engaged in non-timber forest products, including natural fibersApply through Tribal Cooperative Marketing Development Federation of India (TRIFED) and implementing agencies

State-specific Subsidies for the Textile Industry

Different states in India offer their own set of incentives and subsidies to attract textile and apparel industries to set up and expand their operations. In this section, we will discuss state-specific subsidies provided by Maharashtra, Gujarat, Tamil Nadu, Andhra Pradesh, and other states.

Maharashtra

Maharashtra, being one of the leading states in the Indian textile industry, has implemented a comprehensive Textile Policy to attract investments and promote the growth of textile businesses. The policy offers a wide range of incentives and support to cater to the diverse needs of the textile sector.

  • Capital subsidies: The Maharashtra state government provides capital subsidies to encourage investments in the textile industry, helping businesses set up new units or expand existing ones by offering financial assistance for acquiring land, machinery, and infrastructure. Specifically, spinning mills can receive up to a 35% capital subsidy on plant and machinery, while garmenting units are eligible for up to a 25% capital subsidy on plant and machinery.
  • Interest subsidies: Maharashtra’s Textile Policy offers interest subsidies on loans taken by textile businesses for modernization, technology upgradation, and expansion projects, reducing the burden of loan interest rates and making it easier for businesses to grow and remain competitive. The policy provides up to a 5% interest subsidy for spinning mills and garmenting units, and up to a 6% interest subsidy for technical textiles and composite textile units.
  • Tax and duty exemptions: Maharashtra’s state government provides various tax and duty exemptions to textile businesses, such as Value Added Tax (VAT) and Central Sales Tax (CST) exemptions for a period of 7 to 10 years, depending on the investment amount. Additionally, businesses can receive up to 100% electricity duty exemption for 7 to 10 years, depending on the investment amount. These exemptions help lower operating costs, making textile businesses more profitable and sustainable.
  • Textile parks: To foster a conducive environment for textile businesses, the state government supports the establishment of textile parks. These parks offer clusters of common facilities and infrastructure like effluent treatment plants, testing labs, and training centers, which enhance operational efficiency. Textile parks can receive up to 40% of the project cost or a maximum of INR 40 crores (whichever is lower) for infrastructure development.
  • Skill development initiatives: Acknowledging the significance of skilled labor in the textile industry, the Maharashtra state government has introduced various initiatives to train and develop skilled professionals. These initiatives encompass vocational training programs, specialized courses, and on-the-job training. The state offers reimbursement of up to INR 5,000 per trainee for skill development programs and INR 5,000 to INR 15,000 reimbursement per employee for on-the-job training, depending on the duration and level of training
  • Renewable energy promotion: Maharashtra’s Textile Policy promotes the use of renewable energy in textile businesses by providing incentives for establishing solar power plants, wind power plants, and other renewable energy systems. This approach not only helps businesses lower their energy costs but also contributes to sustainable development in the textile sector. The policy includes up to a 50% capital subsidy for setting up solar power plants with a maximum limit of INR 3 crores, and up to a 50% capital subsidy for setting up wind power plants with a maximum limit of INR 5 crores.

In summary, Maharashtra’s Textile Policy provides a comprehensive framework for promoting the growth of the textile industry in the state. By offering a range of incentives and support measures, the policy aims to create a favorable environment for textile businesses to thrive and contribute to the state’s overall economic development.

  1. Gujarat

Gujarat, a thriving hub of the textile industry, offers various subsidies and incentives under its Textile Policy to support the growth of textile businesses in the state. These incentives cover a wide range of areas, including interest subsidies, power tariff concessions, technology upgradation assistance, and textile park development support. Additionally, the state government emphasizes skill development and encourages investments in the garment and apparel sector. Here are some key figures and percentages related to Gujarat’s Textile Policy incentives:

  1. Interest subsidies: Gujarat’s Textile Policy provides interest subsidies to textile businesses, which include:
  • Up to 6% interest subsidy for spinning mills and garmenting units, with a maximum limit of INR 30 crores per year
  • Up to 7% interest subsidy for technical textiles and composite textile units, with a maximum limit of INR 30 crores per year
  1. Power tariff concessions: The state government offers power tariff concessions for textile businesses to reduce energy costs. Depending on the investment amount, businesses can receive a concession of INR 1 to INR 2 per unit of electricity consumed for a period of 5 years.
  2. Assistance for technology upgradation: Gujarat’s Textile Policy encourages the adoption of advanced technology by offering financial assistance for technology upgradation. This assistance includes a 25% subsidy on the cost of machinery for modernization projects, with a maximum limit of INR 50 lakhs.
  3. Support for the development of textile parks: The state government promotes the establishment of textile parks by providing financial support for infrastructure development. These textile parks can receive up to 50% of the project cost or a maximum of INR 60 crores, whichever is lower.
  4. Skill development initiatives: Recognizing the importance of skilled labor in the textile industry, the state government provides incentives for skill development. These incentives include reimbursement of up to INR 4,000 per trainee for skill development programs and up to INR 20,000 per employee for on-the-job training, depending on the duration and level of training.
  5. Incentives for garment and apparel sector investments: To attract investments in the garment and apparel sector, the state government offers various incentives, such as a 7% interest subsidy on loans for setting up new units, with a maximum limit of INR 30 crores per year.

By offering these comprehensive incentives, Gujarat’s Textile Policy aims to create a favorable environment for the textile industry’s growth and development within the state. It is important to note that these figures and percentages may be subject to change, so it is advisable to consult the latest Textile Policy document or the state government’s official website for the most up-to-date information.

  1. Tamil Nadu

Tamil Nadu, a key player in the Indian textile industry, provides a wide range of subsidies and incentives under its New Textile Policy. These incentives cater to various aspects of the textile sector, including capital subsidies, interest subsidies, infrastructure development support, textile park establishment, garment and apparel sector investments, and skill development and training. Here are the main figures and percentages associated with Tamil Nadu’s textile incentives:

  1. Capital subsidies: Tamil Nadu’s New Textile Policy grants capital subsidies to promote investments in the textile industry. These subsidies include:
  • 2% capital subsidy on the cost of plant and machinery for spinning mills
  • 10% capital subsidy on the cost of plant and machinery for weaving and knitting units, with a maximum limit of INR 5 crores
  1. Interest subsidies: The state offers interest subsidies to support businesses in their modernization and expansion projects. These subsidies include:
  • 5% interest subsidy for spinning mills and garmenting units for 5 years, with a maximum limit of INR 1 crore per year
  • 6% interest subsidy for technical textiles and composite textile units for 5 years, with a maximum limit of INR 1 crore per year
  1. Support for infrastructure development: Tamil Nadu’s New Textile Policy provides financial assistance for infrastructure development in the textile sector. This assistance includes up to 50% subsidy on the cost of common infrastructure in textile parks, with a maximum limit of INR 50 crores.
  2. Establishment of textile parks: The state government encourages the development of textile parks by offering financial support. These parks can receive up to 50% of the project cost or a maximum of INR 50 crores, whichever is lower, for infrastructure development.
  3. Incentives for garment and apparel sector investments: To attract investments in the garment and apparel sector, the state government provides various incentives, such as a 5% interest subsidy on loans for setting up new units, with a maximum limit of INR 1 crore per year.
  4. Skill development and training initiatives: Recognizing the importance of skilled labor in the textile industry, the state government offers incentives for skill development and training. These incentives include reimbursement of up to INR 4,000 per trainee for skill development programs and up to INR 20,000 per employee for on-the-job training, depending on the duration and level of training.

These figures and percentages showcase Tamil Nadu’s commitment to fostering the growth and development of the textile industry within the state. However, it’s crucial to consult the latest Textile Policy document or the state government’s official website for the most up-to-date information, as these figures and percentages may be subject to change.

  1. Andhra Pradesh

Andhra Pradesh, through its Textile and Apparel Policy, provides a range of incentives to promote the growth of the textile sector within the state. These incentives include capital subsidies, interest subsidies, power tariff concessions, technology upgradation assistance, textile park establishment, skill development support, and garment and apparel sector investments. Here are the main figures and percentages related to the incentives offered by Andhra Pradesh:

  1. Capital subsidies: Andhra Pradesh’s Textile and Apparel Policy offers capital subsidies to encourage investments in the textile industry. These subsidies include:
  • 25% capital subsidy on the cost of plant and machinery for spinning mills, with a maximum limit of INR 5 crores
  • 35% capital subsidy on the cost of plant and machinery for weaving and knitting units, with a maximum limit of INR 5 crores
  1. Interest subsidies: The state provides interest subsidies to support businesses in their modernization and expansion projects. These subsidies include:
  • 5% interest subsidy for spinning mills and garmenting units for 5 years, with a maximum limit of INR 1 crore per year
  • 6% interest subsidy for technical textiles and composite textile units for 5 years, with a maximum limit of INR 1 crore per year
  1. Power tariff concessions: Andhra Pradesh’s Textile and Apparel Policy offers power tariff concessions for textile businesses to help reduce energy costs. Depending on the investment amount, businesses can receive a concession of INR 1 to INR 2 per unit of electricity consumed for a period of 5 years.
  2. Assistance for technology upgradation: The policy encourages the adoption of advanced technology by offering financial assistance for technology upgradation. This assistance includes a 25% subsidy on the cost of machinery for modernization projects, with a maximum limit of INR 50 lakhs.
  3. Establishment of textile parks: The state government encourages the development of textile parks by offering financial support. These parks can receive up to 50% of the project cost or a maximum of INR 50 crores, whichever is lower, for infrastructure development.
  4. Skill development and training initiatives: Recognizing the importance of skilled labor in the textile industry, the state government offers incentives for skill development and training. These incentives include reimbursement of up to INR 4,000 per trainee for skill development programs and up to INR 20,000 per employee for on-the-job training, depending on the duration and level of training.
  5. Incentives for garment and apparel sector investments: To attract investments in the garment and apparel sector, the state government provides various incentives, such as a 5% interest subsidy on loans for setting up new units, with a maximum limit of INR 1 crore per year.

These figures and percentages highlight Andhra Pradesh’s commitment to supporting the textile sector’s growth and development. However, it’s essential to consult the latest Textile and Apparel Policy document or the state government’s official website for the most up-to-date information, as these figures and percentages may be subject to change.

  1. Other states

In addition to Maharashtra, Gujarat, Tamil Nadu, and Andhra Pradesh, several other states in India offer various textile subsidies and incentives aimed at promoting the growth of the textile sector. These incentives include capital subsidies, interest subsidies, tax concessions, and support for infrastructure development. Here is a brief overview of textile subsidies and incentives provided by some of these states, including Uttar Pradesh, Rajasthan, Karnataka, and Punjab:

  • Uttar Pradesh:
  • Capital subsidies: Up to 25% capital subsidy on the cost of plant and machinery, with a maximum limit of INR 5 crores
  • Interest subsidies: 5% interest subsidy for spinning mills and garmenting units for 5 years, with a maximum limit of INR 1 crore per year
  • Tax concessions: VAT and CST exemptions for a period of 5 to 10 years, depending on the investment amount
  • Rajasthan:
  • Capital subsidies: Up to 35% capital subsidy on the cost of plant and machinery for spinning mills, with a maximum limit of INR 10 crores
  • Interest subsidies: 6% interest subsidy for textile businesses for 7 years, with a maximum limit of INR 1.5 crores per year
  • Tax concessions: VAT and CST exemptions for a period of 5 to 7 years, depending on the investment amount
  • Karnataka:
  • Capital subsidies: Up to 25% capital subsidy on the cost of plant and machinery for textile units, with a maximum limit of INR 5 crores
  • Interest subsidies: 5% interest subsidy for spinning mills and garmenting units for 5 years, with a maximum limit of INR 1 crore per year
  • Tax concessions: Exemptions on VAT, CST, and entry tax for a period of 5 to 10 years, depending on the investment amount
  • Punjab:
    • Capital subsidies: Up to 30% capital subsidy on the cost of plant and machinery for textile units, with a maximum limit of INR 10 crores
    • Interest subsidies: 5% interest subsidy for spinning mills and garmenting units for 5 years, with a maximum limit of INR 1 crore per year
    • Tax concessions: VAT and CST exemptions for a period of 5 to 7 years, depending on the investment amount

Please note that these figures and percentages are subject to change, and it is essential to consult the respective state’s textile policy documents or the state government’s official website for the most up-to-date information.

Moreover, each state may have additional incentives and support programs beyond those mentioned here, focusing on various aspects of the textile and apparel sectors.

It is essential to consult the specific state’s textile policy to understand the subsidies and incentives offered, as they may vary from state to state. These policies are designed to promote the growth of the textile industry, create job opportunities, and contribute to the overall development of the region.

How to Apply for Textile Industry Subsidies

Applying for textile industry subsidies can be a crucial step in securing financial support for your business. In this section, we will discuss the application procedure, required documentation, and tips for a successful application.

Application procedure

  1. Research: Begin by researching the various textile subsidies offered by the central government and your specific state government. Understand the eligibility criteria, benefits, and objectives of each subsidy.
  2. Identify the relevant subsidy: Choose the subsidy that best aligns with your business needs, whether it’s infrastructure development, skill training, or technology upgradation.
  3. Visit the official website: Visit the official website of the concerned implementing agency or the Ministry of Textiles for detailed information on the application process and deadlines.
  4. Register or create an account: Most subsidies require you to register or create an account on the implementing agency’s online portal. Complete the registration process by providing your personal and business details.
  5. Fill out the application form: Carefully fill out the online application form, ensuring that all the required fields are accurately completed. Double-check the information provided to avoid errors and omissions.
  6. Required documentation

While the specific documents required may vary depending on the subsidy, here are some common documents you may need to provide:

  1. Business registration certificate
  2. PAN card and GST registration
  3. Project report or business plan
  4. Financial statements and tax returns
  5. Details of machinery, equipment, and technology to be purchased or upgraded
  6. Proof of land ownership or lease agreement
  7. Licenses and permits, if applicable
  8. Environmental clearances, if required
  9. Proof of compliance with labor laws and other regulations
  10. Tips for a successful application
  11. Thorough research: Conduct comprehensive research on the available subsidies and their eligibility criteria to ensure you apply for the most suitable subsidy for your busines
  12. Prepare a detailed project report: A well-prepared project report or business plan showcasing the feasibility and potential impact of your project can improve your chances of approval.
  13. Be accurate and honest: Provide accurate information in your application, and avoid exaggerating or misrepresenting facts, as this can lead to disqualification.
  14. Compile required documents: Ensure that you have all the necessary documents ready before applying. Organize them in a clear and concise manner to make the evaluation process easier for the authorities.
  15. Keep track of deadlines: Be aware of application deadlines and submit your application well in advance to avoid last-minute issues.
  16. Seek professional assistance: If needed, consult experts or professionals who can guide you through the application process and help you prepare a strong application.

By following these guidelines and understanding the application process, you can improve your chances of successfully securing textile industry subsidies for your business.

In conclusion, the Indian textile industry holds immense potential for growth and expansion, with various government subsidies and incentives available at both central and state levels. These subsidies aim to promote investments in the sector, encourage technology upgradation, support skill development, and create a conducive environment for textile businesses.

Navigating through the numerous subsidy schemes and loan options available in the market can be quite challenging for businesses. This is where Refer Loan steps in to help. With our extensive knowledge and experience in the financial sector, we can assist you in identifying the best loan option that aligns with your business requirements. By securing competitive interest rates and ensuring fast processing, we ensure that your business receives the necessary financial support to leverage these textile industry subsidies and incentives effectively.

Allow Refer Loan to be your partner in your journey to success in the textile industry. With our expert guidance and assistance, you can focus on growing and expanding your business while reaping the benefits of the various subsidies and incentives offered by the government.

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