Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Rs843 cr for MSMEs, Rs35 cr for khadi in Gujarat budget
Rs843 cr for MSMEs, Rs35 cr for khadi in Gujarat budget
Feb '18
Gujarat finance minister Nitin Patel. Courtesy: Global Gujarat News
Gujarat finance minister Nitin Patel. Courtesy: Global Gujarat News
The Gujarat government has made a provision of Rs 843 crore in the state’s 2018-19 budget for special schemes for development of micro, small and medium enterprises (MSMEs). It has also earmarked Rs 450 crore for various schemes of self-employment through cottage and rural industries and Rs 35 crore for incentives schemes to promote khadi.

A provision of Rs 16.50 crore has been made for marketing support for sale of goods manufactured by artisans. The budget was presented in the state assembly on February 20 by Gujarat’s deputy chief minister Nitin Patel, who holds the finance portfolio.

Under the Industrial Policy 2015, assistance is provided to MSMEs having capital investment in plants and machineries upto Rs 50 lakh, Rs 2 crore and Rs 10 crore respectively. Assistance is also provided for about 22 service sector activities apart from manufacturing and the budget proposed to increase the number of such service activities to 38.

Rupees 50 crore is allotted to initiate the ‘Start-up Fund’ for MSME units and provision has been made to offer incentives to industrialists under the state’s textile policy and garments and apparel policy as well.

Industrial infrastructure development work worth Rs 975 crore will be undertaken under the Gujarat Investment Promotion Programme (GIPP) during the next three years with support from Japan International Cooperation Agency (JICA). The budget provides for Rs 250 crore for the same, Patel announced. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Courtesy:  Vishal Banik on Unsplash

Textiles | On 21st Sep 2018

Pakistan's textile exports up 3.72% in July-August 2018

The value of textile and garment exports from Pakistan increased 3.72 ...

French jute, natural fibre team to visit India, Bangladesh

Textiles | On 21st Sep 2018

French jute, natural fibre team to visit India, Bangladesh

Business France, the French trade and investment commission, will...

Interviews View All

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search