Interest Subsidy for Textile Units
Interest Subsidy for Textile Units
Interest Subsidy for Textile Units
The Interest Subsidy Scheme under Haryana’s Aatma Nirbhar Textile Policy 2022–25 supports textile MSMEs by subsidizing term loan interest, lowering borrowing costs for new and expanding units. The scheme aims to help textile MSMEs access affordable finance to enhance capacity, technology, and competitiveness.
Quantum of Assistance
The scheme provides interest subsidy on term loans for up to 7 years for new units or existing unit expansions, based on the block category:
| Block Category | Interest Subsidy | Maximum Cap (per year) |
|---|---|---|
| B Blocks | 6% | ₹20 Lakh |
| C Blocks | 7% | ₹30 Lakh |
| D Blocks | 7% | ₹50 Lakh |
Eligibility Criteria
- Textile MSMEs engaged in activities ranging from ginning to garment manufacturing.
- Must hold valid Udyam Registration and Haryana Udhyam Memorandum (HUM).
- Must have a valid post-scheme term loan and be in commercial production.
- The unit’s account must not be classified as NPA (Non-Performing Asset).
Application & Procedure
Applications must be submitted online via the MSME Haryana portal within 3 months of the end of the financial year. Key documents include registration certificates, loan proofs, and audited financials.
Sanction Authority: District MSME Centres review applications, and the Additional Director, Industries & Commerce, grants the sanction. Appeals can be made to the Director General MSME.
Role of Wealth Design LLP
Wealth Design LLP supports textile MSMEs in eligibility assessment, project planning, documentation preparation, filing, and liaison with government departments to ensure seamless subsidy access.