Interest & PT Assistance — SSSTVC Scheme

Interest subsidy and Professional Tax reimbursement for Gujarat textile units under the Sardar Sarovar Scheme for Textile Value Chain (SSSTVC).

Scheme Overview

SSSTVC: Interest & Professional Tax Reimbursement

Under the SSSTVC (Sardar Sarovar Scheme for Textile Value Chain) framework, eligible Gujarat textile units can claim reimbursement of interest on term loans and Professional Tax contributions — significantly reducing the annual cost burden of running a textile manufacturing operation.

JSV Consultancy prepares and files the annual claim applications for multiple textile units across Surat, Ahmedabad, and Rajkot — ensuring complete documentation and timely submission every financial year.

Assistance Available

Type of Assistance	Rate	Duration	Annual Cap
Interest Subsidy (Spinning)	6% p.a. on term loan	7 years	Up to ₹50 lakh per year
Interest Subsidy (Weaving / Processing)	6% p.a. on term loan	7 years	Up to ₹35 lakh per year
Interest Subsidy (Technical Textiles)	7% p.a. on term loan	10 years	Enhanced for thrust category
Professional Tax (PT) Reimbursement	100% of PT paid	5 years	As per actual PT deducted from employees

Eligibility Criteria

Unit must be registered under the Textile sector (NIC code for spinning, weaving, knitting, processing, or garments)

Must have valid Udyam Registration and SSSTVC enrollment

Term loan must be availed from a scheduled bank or SIDBI / NSIC

The loan must be specifically for setting up or expanding the textile manufacturing unit

Minimum investment thresholds as per MSME / Large Industry classification must be met

Professional Tax must be actually deducted from employees and deposited with Government of Gujarat

Annual claim must be filed within the stipulated period after the close of financial year

Eligible Loan Sources

Interest reimbursement is available only on loans borrowed from approved institutions:

Nationalized / PSU Banks (SBI, Bank of Baroda, etc.)

Private Scheduled Banks (HDFC, ICICI, Axis, etc.)

SIDBI (Small Industries Development Bank of India)

NSIC (National Small Industries Corporation)

Gujarat State Financial Corporation (GSFC)

NWID-approved cooperative banks

Annual Claim Process

JSV Consultancy manages your SSSTVC claims every year — ensuring nothing is missed.

Annual Enrollment

Enroll unit under SSSTVC scheme at the start of each financial year.

Loan Statement

Obtain certified interest certificate from bank for the financial year.

PT Records

Compile PT deduction and deposit challans for each month of the year.

JSV Files Claim

JSV prepares and submits the annual claim application with all supporting documents.

Departmental Audit

Department verifies and sanctions the reimbursement amount to your bank account.

Claim Your SSSTVC Interest & PT Benefits

Our textile policy experts handle your annual claim preparation, submission, and follow-up with the department.

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