The Indian Texpreneurs Federation (ITF) has expressed its gratitude to India’s Ministry of Finance for raising the annual turnover eligibility limit for companies seeking support under the Emergency Credit Line Guarantee Scheme (ECLGS). The revised ceiling has been increased from ₹100 crore to ₹250 crore, significantly expanding the number of enterprises that can access the scheme.
Stronger Credit Access for Textile Manufacturers
In a statement, ITF Convenor Prabhu Dhamodharan noted that the decision comes at a crucial time for the textile sector. “With this calibrated intervention, many medium-sized textile units will now receive the essential liquidity support they have been struggling to secure,” he said.
The textile industry—particularly the spinning segment—has long been recognized as a capital-intensive sector. According to ITF, raising the turnover threshold ensures that a larger share of spinning mills and integrated manufacturers can now be brought under the ECLGS umbrella.
The federation had formally appealed for this change last month, emphasizing the urgent need to strengthen financial support mechanisms for the industry. ITF welcomed the government’s positive response, stressing that enhanced access to credit will help stabilize operations and support continued employment across the textile value chain.
, a textile industry body, on Sunday thanked the Finance Ministry for increasing the annual turnover){kind=link}