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Friday, 17 August 2018

MoT marks out schemes and initiatives for enhancement of Textiles and Handicrafts sector

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Minister of State for Textiles, Ajay Tamta recently talked about the implementation of different policy initiatives and programmes to enhance textiles and handicrafts, by the Centre.

The Government has been constantly working on upgrading the technology, creating infrastructure and skill development for the betterment of the textile industry, the minister shared.

Furthermore, the minister affirmed about the schemes being implemented by the Government which includes; Amended Technology Upgradation Funds Scheme (ATUFS), PowerTex India Scheme. Scheme for Integrated Textile Parks, SAMARTH- scheme for capacity building in Textile Sector, Silk Samagra- integrated silk development scheme, North Eastern Region Textile Promotion Scheme (NERTPS), National Handicraft Development Programme (NHDP) and Comprehensive Handicrafts Cluster Development Scheme (CHCDS).

The Government also introduced a special package to increase investments, employment and exports in the apparel sector. It was created to offer up to one crore jobs, and boost exports by US $ 31 billion while attracting investment of Rs. 80,000 crore in 3 years. So far, it has fetched additional exports of Rs. 5,728 crore and additional investments of Rs. 25,345 crore.

Notably, under the ATUF scheme, capital of Rs. 17,822 crore was approved for providing a one-time capital subsidy to eligible machinery for seven years from 2015- 16 to 2021-22 (including committed liability of Rs. 12,671 crore and Rs. 5,151 crore for new cases). Rs. 8,078.94 crore has so far been released under the scheme.

Additionally, under the NERTPS, the Government has set up an Apparel and Garment Making Centre (consisting of 3 Units installed with 100 stitching machines each) at Bodhjungnagar, Agartala at a total cost of Rs.18.18 crore along with a silk printing unit in the region worth Rs. 3.71 crores with a capacity to print and process around 1.5 lakh meters of silk fabric on yearly basis.

Ajay Tamta also marked out that in a bid to promote handloom in Tripura, the Centre authorised 3 Block level clusters with Rs. 4.28 crore, 44 marketing events with Rs.2.41 crore, 9 Mudra loans (Rs.3 lakh) and enrolled 9,367 weavers and artisans under Health Insurance Scheme and 2,718 weavers and artisans under Mahatma Gandhi Bunkar Bima Yojana.


Source: https://in.apparelresources.com