The cabinet also approved the establishment of a Rajasthan Cooperative Finance and Development Corporation. The state government would provided a share capital of Rs.100 crore to increase credit availability in rural areas.
The package for the textile industry will be applicable to new enterprises, already established enterprises making investment for modernisation, expansion and diversification and sick units.
The government has promised sops including interest-waiver, subsidy and VAT reimbursement to the textile industry.
The cabinet meeting here at the Chief Minister's Office also gave an in-principle approval for setting up a petroleum university.
--IANS (Posted on 04-07-2013)