https://www.taxtmi.com/news?id=11621 Continuation of the Technology Upgradation Fund Scheme concentrates federal incentives on textile modernisation with emphasis on powerlooms: raising capital subsidy, increasing interest reimbursement for new shuttleless looms while reducing it for second hand imported looms, expanding margin money subsidy and subsidy caps, increasing support for handloom and silk sectors, removing sectoral caps except for spinning, and introducing a hire purchase pilot for new shuttleless looms to enable small weavers to upgrade through instalments. en-us Fri, 30 Aug 2013 09:49:46 +0530 Fri, 30 Aug 2013 09:49:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11621 Continuation of the Technology Upgradation Fund Scheme concentrates federal incentives on textile modernisation with emphasis on powerlooms: raising capital subsidy, increasing interest reimbursement for new shuttleless looms while reducing it for second hand imported looms, expanding margin money subsidy and subsidy caps, increasing support for handloom and silk sectors, removing sectoral caps except for spinning, and introducing a hire purchase pilot for new shuttleless looms to enable small weavers to upgrade through instalments. News - Fri, 30 Aug 2013 09:49:46 +0530 https://www.taxtmi.com/news?id=11621