The Tiruppur Exporters Association (TEA) is pushing for PLI 2.0 with a proposed threshold limit of Rs 15 crore investment, catering to the knitwear garments’ MSMEs in the Tiruppur cluster. TEA presented memorandums to Union Minister for Textile Piyush Goyal during his visit to Tirupur. Foreign buyers were placing orders only with the units having state-of-the-art machinery. In view of this, the announcement of an alternate scheme in place of TUF scheme would a go long way in the growth of textile sector, the industry body said. They urged a five percent interest equalization scheme for MSMEs and three percent for non-MSME garment exporters. Additionally, TEA sought a one-year moratorium for loan repayment under the Emergency Credit Line Guarantee Scheme due to the pandemic (Covid period), and extension of the scheme till March 2024 for the benefit of MSMEs.