Archive · 24 May 2025
Gujarat Announces Support for Diamond Industry Workers, Units
The Gujarat government is stepping in to help diamond workers and businesses that are struggling.
They're offering help to cover school fees for the children of laid-off workers, up to a certain amount.
They're also providing financial aid to diamond businesses, including help with loan interest and electricity bills.
This aid comes in response to a tough time for the diamond industry due to global issues affecting demand.
The government hopes these measures will provide some relief to those in need within the diamond industry.
The Gujarat government announced a support package for the diamond industry.
The package includes school fee assistance for children of unemployed artisans.
Support for diamond units includes interest subsidies on term loans and electricity duty exemptions.
Artisans who lost jobs after March 31, 2024, are eligible for school fee assistance.
The package was announced after requests from district diamond associations.
- Who
- Gujarat state government.
- What
- Support package for diamond industry announced.
- When
- Announced after demands from diamond associations; Support to start July 1, 2025.
- Where
- Surat and other parts of Gujarat.
- Why
- To aid unemployed diamond artisans and struggling diamond units affected by global economic slowdown.
Government
Diamond Association
Support Package
Government
The government announced a support package for unemployed diamond artisans and units.
Diamond Association
Diamond associations had made representations to the government about the industry's critical condition, leading to the announcement of the support package.
- Diamond Workers
- 12 lakh
- Max. School Fees per Child/Year
- Rs 13,500
- Interest Subsidy Rate on Loans
- 9%
- Max. Loan Capital for Subsidy
- Rs 5 lakh
- Electricity Duty Exemption Start Date
- July 1, 2025