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Maharashtra State Textile Policy is a state government subsidy provided for textile manufacturing units. The scheme covers existing units, or units which are looking for expansion, modernisation or diversification. The scheme is applicable for both bank financed and self financed projects.
Benefits of Maharashtra State Textile Policy
Reduced Cost of Machineries
Reduced Borrowing Cost
Financial Support from Government
Other linked Subsidies
Eligibility Criteria for Maharashtra State Textile Policy
Following businesses are eligible under this scheme :
Ginning/Pressing/Spinning
Weaving/Knitting/Hosiery
Garment/Apparel and made-ups
Silk sector/Wools Sector
Textile Parks/Processing Parks
Other textile components etc.
Documents Required for Maharashtra State Textile Policy
KYC Details of Proprietor/Partners/Directors
PAN Card of Partnership Firm/Company
Udyog Aadhar
Partnership Registration Certificate/Certificate of Incorporation
Purchase deed/ Lease rent agreement for business location
Invoices of Machinery purchased (along with delivery challans)
GST registration certificate
Electricity Bills of previous 3 months
Loan Sanction Letter (if any)
Maharashtra Pollution Control Board (MPCB) Certificate
Additional Details required for Application :
Trade Name, Date of Commencement and Nature of Business
Type of Entity (New/Existing)
Contact number & Email Id
FAQ on Maharashtra State Textile Policy
Q. Who provides benefits under Maharashtra State Textile Policy ?
Maharashtra State Textile Policy is scheme of Maharashtra government to promote textile manufacturing and allied units.
Q. What is the quantum of Subsidy ?
Maharashtra State Textile Policy provides a capital subsidy up to 40% for ginning/pressing/spinning.
It also provides capital subsidy up to 60% for technical textile/kinniting/hosiery/garmenting.
Q. What is the maximum amount of Subsidy that can be received under the Scheme ?
The maximum subsidy that can be claimed is 25% of the cost or the amount prescribed by NABARD whichever is lower.
Q. Can subsidy be claimed for any unit located in India ?
No, this scheme covers only units located in state of Maharashtra.
Q. In what form the benefits are received ?
The subsidy is received over a period of 3 years.
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