Documente Academic
Documente Profesional
Documente Cultură
com/news/details/372/karnataka-textile-policy-to-
generate-employment-opportunities- )
Karnataka textile policy to generate employment
opportunities
Karnataka, India | Wednesday, 20th Nov. 2013 | By Textile Excellence
0 Comments 0 Likes 19 Views ShareThis Facebook Tweet Print Email
The Karnataka state government has announced its new textile policy for 2013-18
attracting an investment of Rs 100000 million. The government intends to make the
state a preferred textile destination and create employment opportunities for over 50000
million people during the five year period.
One of the key features of the new policy is that interest subsidy will be provided to small
and medium investors in projects worth up to Rs 990 million. This amount will be a part
of the amount earmarked for credit-linked capital subsidy. MSMEs with a maximum
investment of Rs 100 million will be provided credit-linked subsidy of 15-20 % with a
ceiling of Rs 20 million. For units investing Rs 100-990 million, credit-linked capital
subsidy of 15-20 % will be provided with a ceiling of Rs 60 million.
For textile industries establishing their own infrastructure facilities at textile parks in
green field and brown field zones a subsidy of 40 % with a ceiling of Rs 200 million will
be provided. The government will also provide a financial assistance of Rs 100 million
for establishing a centre of excellence for textiles and for the overall and integrated
development of the sector.
- See more at: http://www.textileexcellence.com/news/details/372/karnataka-textile-policy-to-generate-
employment-opportunities-#sthash.FqzmIneW.dpuf