Subsidy on Hometech Textile Units in Haryana
Are you running Hometech 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 Hometech Textile Units.
Hometech Textile Units: Those units which are manufacturing of textile product which are directly used in Housing sector.
A. Type of Business Covered:
A brief listing of those items which are covered under Hometech Textile Units are as:
1. Acrylic Floor Covering Yarns
2. Bed Linen
3. Table Linen
4. Toilet Linen
5. Kitchen Linen
6. Blackout Curtains Blinds
7. Carpet and Textile Floor Coverings (including Textile Backing Cloth)
8. Cloth Napkins, Coir Mats
9. Comforters
10. Curtains
11. Cushions
12. Quilts
13. Dry Wipes &
14. Kitchen Wipes
15. Fabric Tapes
16. Faux Leather
17. Filter Fabrics (HVAC and Vacuum Cleaner)
18. Flock Coated Fabric
19. Hollow Fibre Pillows
20. Jute Carpet Backing cloth
21. Laminated Mattress Protectors
22. Linoleum, Mattress Pads
23. Mosquito Nets
24. Needle Punch Carpets
25. Nonwoven Thermal Bonded Waddings
26. Nonwoven Wipes for home use
27. Painting Canvas
28. Pillow Covers
29. PP Air Conditioner Filter Cloth
30. Refreshing Wipes
31. Refreshment Wipes
32. Stuffed Toys
33. Ticking Fabrics
34. Woven Pile Fabrics
35. Chenille Fabrics
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.
Leave a Comment