Subsidy for Non-Conventional & Synthetic Yarn Units in Maharashtra
Empowering Sustainable & High-Tech Textile FuturesThe Maharashtra Textile Policy 2023–28 gives focused attention to non-conventional and synthetic yarn sectors, paving the way for innovation and sustainability in India’s textile value chain.
From banana, bamboo, ambadi, maize, and coir fibers to synthetic options like rayon, nylon, polyester, and acrylic, the State Government offers generous subsidies and incentives to modernize this segment and promote indigenous raw material utilization.
Non-conventional fiber farming will also be brought under MGNREGA, with infrastructure support such as farm ponds for irrigation, ensuring both farmer livelihood and industry growth.
If you're planning to set up or expand operations in the non-conventional or synthetic yarn segment, now is the perfect time to take advantage of government subsidies under Maharashtra’s visionary textile policy.
Available Subsidies for Non-Conventional Yarn/Fiber
-
Capital Subsidy & Electricity Subsidy
|
Sl. No. |
Zone |
Capital Subsidy |
Electricity Subsidy |
|
MSME |
|||
|
1 |
Zone 1 |
45% of Fixed Capital Investment |
Rs. 2 per unit |
|
2 |
Zone 2 |
40% of Fixed Capital Investment |
Rs. 2 per unit |
|
3 |
Zone 3 |
35% of Fixed Capital Investment |
Rs. 2 per unit |
|
4 |
Zone 4 |
30% of Fixed Capital Investment |
Rs. 2 per unit |
|
Large Enterprises |
|||
|
1 |
Zone 1 |
40% of Fixed Capital Investment |
Rs. 2 per unit |
|
2 |
Zone 2 |
35% of Fixed Capital Investment |
Rs. 2 per unit |
|
3 |
Zone 3 |
30% of Fixed Capital Investment |
Rs. 2 per unit |
|
4 |
Zone 4 |
25% of Fixed Capital Investment |
Rs. 2 per unit |
|
Mega Enterprises |
|||
|
1 |
Zone 1 |
55% of FCI with a maximum up to INR 250 crore |
Rs. 2 per unit |
|
2 |
Zone 2 |
50% of FCI with a maximum up to INR 225 crore |
Rs. 2 per unit |
|
3 |
Zone 3 |
45% of FCI with a maximum up to INR 200 crore |
Rs. 2 per unit |
|
4 |
Zone 4 |
40% of FCI with a maximum up to INR 175 crore |
Rs. 2 per unit |
-
Note on Electricity Subsidy for Existing Units
- Subsidy is provided only for 2 years
- Max Cap of Rs. 40 Lakh per month
- The 3rd year’s Subsidy will be provided as capital subsidy for setting up Solar power plant
-
Additional Capital Subsidy
- 5% - for SC / ST / Minority / Ex Servicemen Enterprises
- 5% - for Women Enterprises
-
Capital Subsidy for Solar Power Plant
- Maximum up to Rs. 4.8 cr (or) FCI up to 4 MW (or) 12 months electricity Subsidy whichever is less
- For new units/ units undertaking expansion, units will include the cost of installation of solar power plant in the Detailed Project Report (DPR) and the capital subsidy will be calculated on the fixed capital investment (eligible plant and machinery and solar plant) up to maximum of 4MW capacity
Why Choose Unique Group?
At Unique Group, we bring over 20 years of experience in securing complex government subsidies across textile, agri, and industrial sectors.
Whether you’re a new investor or planning expansion:
✅ We guide you through DPR preparation & application filing
✅ Ensure timely
document submission & zone classification
✅ Help with bank liaisoning,
compliance & approvals
✅ Navigate the solar subsidy inclusion seamlessly
✅ End-to-end handholding till
subsidy disbursement
With hundreds of successful client stories, we're known as Maharashtra’s trusted consultants for Textile
