{"id":7886,"date":"2024-06-14T03:21:35","date_gmt":"2024-06-14T03:21:35","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=7886"},"modified":"2024-06-14T03:21:35","modified_gmt":"2024-06-14T03:21:35","slug":"special-scheme-for-tech-textiles-announced-in-tamil-nadu","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/special-scheme-for-tech-textiles-announced-in-tamil-nadu\/","title":{"rendered":"Special scheme for tech textiles announced in Tamil Nadu"},"content":{"rendered":"<p>TheTamil Nadugovernment announced a special scheme through which it has extended benefits and subsidies to man-made fibre (MMF) yarn,MMF fabricfrom recycled materials and technicaltextilesmanufacturing units in the state.<\/p>\n<p>The new scheme has extended the benefits on offer under the  Nadu <a href=\"https:\/\/exam.pscnotes.com\/industrial-policy\">Industrial Policy<\/a> 2021 and covers both new projects or expansions in MMF fabric, MMF yarn from recycled materials and technical textiles and apparel with minimum investments of 100 crore, 50 crore and 50 crore respectively.<\/p>\n<p>Manufacturing units can opt for either a special capital subsidy of 15% of EFA (eligible fixed assets) disbursed over 10 years or a turnover-based subsidy depending on the number of jobs created. If the project creates <a href=\"https:\/\/exam.pscnotes.com\/employment\">EMPLOYMENT<\/a> of 500-2,000 jobs, then the ceiling for the turnover-based subsidy is 2.5% of <a href=\"https:\/\/exam.pscnotes.com\/investment\">Investment<\/a> in EFA per annum for a period of 10 years. If the project creates employment of more than 2,000 <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n    <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>     <\/a>\r\n    <\/div> jobs, the ceiling is 4% of investment in EFA for 10 years. The scheme was unveiled here on Saturday by chief minister M K Stalin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TheTamil Nadugovernment announced a special scheme through which it has extended benefits and subsidies to man-made fibre (MMF) yarn,MMF fabricfrom recycled materials and technicaltextilesmanufacturing units in the state. The new scheme has extended the benefits Join Our Telegram Channel on offer under the Nadu Industrial Policy 2021 and covers both new projects or expansions in &#8230; <a title=\"Special scheme for tech textiles announced in Tamil Nadu\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/special-scheme-for-tech-textiles-announced-in-tamil-nadu\/\">Read more <span class=\"screen-reader-text\">Special scheme for tech textiles announced in Tamil Nadu<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1100],"tags":[748],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Special scheme for tech textiles announced in Tamil Nadu - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/special-scheme-for-tech-textiles-announced-in-tamil-nadu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Special scheme for tech textiles announced in Tamil Nadu\" \/>\n<meta property=\"og:description\" content=\"TheTamil Nadugovernment announced a special scheme through which it has extended benefits and subsidies to man-made fibre (MMF) yarn,MMF fabricfrom recycled materials and technicaltextilesmanufacturing units in the state. The new scheme has extended the benefits on offer under the Nadu Industrial Policy 2021 and covers both new projects or expansions in MMF fabric, MMF yarn ... 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The new scheme has extended the benefits on offer under the Nadu Industrial Policy 2021 and covers both new projects or expansions in MMF fabric, MMF yarn ... 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