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Need to bring textile industry out of recession, MoT
18 Dec '08
3 min read
* Pre and post – shipment export credit for certain specific sectors including textiles is being made more attractive by providing an interest subvention of 2% upto 31/03/2009 subject to minimum rate of interest 7% per annum.
* An additional allocation has been provided for TUFS.
* All items of handicrafts have been included under 'Vishesh Krishi & Gram Udyog Yojana'.
* To boost collateral free lending, the current guarantee cover under Credit Guarantee Scheme for Micro and Small enterprises on loans has been extended from Rs.50 lakh to Rs.1 crore with guarantee cover of 50 per cent.
The Government has not received any reports regarding large scale job loss in the textile sector.
This information was given by the Minister of State for Textiles, Shri E.V.K.S. Elangovan in a written reply in the Rajya Sabha.
* An additional allocation has been provided for TUFS.
* All items of handicrafts have been included under 'Vishesh Krishi & Gram Udyog Yojana'.
* To boost collateral free lending, the current guarantee cover under Credit Guarantee Scheme for Micro and Small enterprises on loans has been extended from Rs.50 lakh to Rs.1 crore with guarantee cover of 50 per cent.
The Government has not received any reports regarding large scale job loss in the textile sector.
This information was given by the Minister of State for Textiles, Shri E.V.K.S. Elangovan in a written reply in the Rajya Sabha.
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