2023-24 Union Budget supports garment industry, enhances credit guarantee scheme, and increases allocation to textiles sector.
The Union Budget 2023-24 supports the garment industry with focus on MSMEs and manufacturing. It expands the Indian Garment and Apparel Industry list, enhances the credit guarantee scheme, supports Cotton Corporation of India, and increases allocation to the textiles sector. The budget also reduces customs duties and announces new skilling schemes, credit assessment model, e-commerce export hubs for MSMEs and artisans, and rental housing for industrial workers.
July 23, 2024
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