Prakash Woollen & Synthetic Mills Ltd. Receives Rs. 3.85 Crore Subsidy for Expansion Project
Prakash Woollen & Synthetic Mills Ltd., a manufacturer, exporter, and importer of mink blankets, announced it has received a subsidy of Rs. 3.85 crore from the Handloom and Textile Directorate under the U.P. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017, on March 16, 2026. The subsidy is connected to the company’s expansion project.Details of the subsidy are outlined below:
| Detail | Amount (Rs.) |
|---|---|
| Name of the Scheme | UP. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017 |
| Amount Received | 3.85 Cr |
| Nature of Subsidy | Capital Subsidy: 2.71 Cr, Interest Subsidy: 1.14 Cr |
| Purpose | Capital Subsidy for Loan Repayment |
Sneha Agarwal, Company Secretary, confirmed the receipt of the funds.
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