Subsidy on Clothtech Textile Units in Haryana
Are you running Clothtech Based Textile Unit or planning to start than Don’t miss the subsidy benefits available under “Haryana AtamNirbhar Textile Policy 2022-25”.
Before knowing the subsidy benefits, let’s know how many types of business covered under the Clothtech Textile Units.
Clothtech Textile Units: Those units which are manufacturing of textile product which are directly used in Clothing sector.
A. Type of Business Covered:
A brief listing of those items which are covered under Clothtech Textile Units are as:
1. Cloth Labels
2. Cloth Badges
3. Coated Fabrics
4. Coated Interlinings
5. Cotton Sewing Threads
6. Elastic Narrow Fabrics
7. Embroidery Backings
8. Functional Yarns
9. Garment Elastic Tapes
10. Hook and Loop Fasteners
11. Industrial Sewing Threads
12. Institutional Uniforms
13. Interlining for Apparels including Over the Back (OTB) for embroidery
14. Interlinings for Coats
15. Laces and Tapes Military Fabrics
16. Nylon Taffeta
17. Panty Hose Tights Stockings
18. Socks and Other Hosiery
19. Rayon Taffeta
20. Shoe Linings
21. Tactical Vests for Military use
22. Textured Yarn
23. Tulles
24. Velcro
25. Wadding
26. Zip Fasteners
B. Subsidy Available:
1. Capital Subsidy:
Capital investment subsidy @35% up to a maximum of INR 3.5 Crore in ‘B’ category blocks and 40% up to a maximum of INR 5 Crore in ‘C’ &‘D’ category blocks on eligible capital investment.
2. Stamp Duty Refund:
Reimbursement of 80% of stamp duty in ‘B’ category blocks and 100% in ‘C’ & ‘D’ category blocks.
3. Interest Subsidy on Term Loan:
Interest subsidy on term loan for MSMEs @6% or maximum up to INR 20 lakh per year in ‘B’ category blocks, 7% or maximum up to INR 30 lakh per year in ‘C’ category blocks and 7% or maximum up to INR 50 lakh per year in ‘D’ category blocks for 7 years.
4. Refund of State GST Paid:
25% of Net SGST for 8 years in ‘B’ category blocks with cap of 100% of Fixed Capital Investment.
50% of Net SGST for 10 years in ‘C’ &‘D’ category blocks with cap of 125% of Fixed Capital Investment.
5. Employment Generation Subsidy:
@ INR 48,000/- per year for SC/ Women and INR 36,000/- per year for General Category for 7 years in ‘B’, ‘C’& ‘D’ category blocks.
6. Electricity Duty Exemption:
- 100% exemption for 10 years in ‘B’ category blocks
- 100% exemption for 15 years in ‘C’ category blocks
- 100% exemption for 20 years in ‘D’ category blocks
To know the block category for your units and subsidy planning, connect with us.
KIP: Business Subsidy Consultant.
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