Rs 294 crore subsidy for MSME released

Surat: In a huge relief to Surat’s man-made fabric (MMF) industry the state government on Friday released subsidy to the tune of Rs 294 crore under the MSME scheme.
Office- bearers of Southern Gujarat Chamber of Commerce and Industry (SGCCI) stated that chief minister Vijay Rupani released nearly Rs 1,379 crore worth of subsidy through the direct benefit transfer (DBT) on Friday. Out of this Rs 294 crore was allocated towards interest and capital subsidy to the MSME units in Surat alone.
A programme was organised at the district collector’s office through video conferencing where CM allocated the subsidy to the MSME sector.
Ketan Desai, president SGCCI told TOI, “About 6,615 MSME units located in Surat will be benefited. Out of these units, about 80% are in the city’s textile sector.”
M K Ladani, general manager, District Industries Centre (DIC) said, “Surat is the largest beneficiary of the MSME subsidy released on Friday.”