State govt. released Rs. 294 crore subsidy for MSME, Benefit for textile industrialist

Chief Minister of Gujarat Vijaybhai Rupani released Rs. 1379 crore worth of Subsidy through DBT mechanism to nearly 13000 industrial units of Gujarat. Out of this, nearly Rs. 294 crore was allocated towards interest and capital subsidy of nearly 6615 MSME units located in Surat. From this 80 % of the Textile industrialist will be benefited.

State government has organized this program online in which the President of SGCCI Shri Ketan Desai, Vice President Shri Dinesh Navadiya and Immediate Past President Shri Hetal Mehta were also present through video conference.

Ketan Desai said, This is a huge relief to Surat’s man-made fabric (MMF) industry. Chamber has made repeated representation during the lockdown period for relief. Covering entire spectrum of industries in Gujarat, the government by honouring our requests has made the above declarations, for giving Surat the maximum portion of this financial assistance. About 6,615 MSME units located in Surat will be benefited. Out of these units, about 80% are in the city’s textile sector.