Ministry of Textiles Current Affairs

Government launches PowerTex India scheme for powerlooms

The Union Ministry of Textiles has launched PowerTex India, a three-year comprehensive scheme for Powerloom Sector Development.

The PowerTex India scheme aims to boost common infrastructure and modernisation of the powerloom sector in the country.

Key Facts
  • PowerTex India scheme comprises new research and development in power loom textiles, new markets, branding, subsidies and welfare schemes for the workers.
  • It has overall nine major components, including two new schemes. It has outlay of Rs. 487 crores for three years from 2017-18.
  • The two new schemes are Pradhan Mantri Credit Scheme (PMCS) for powerloom weavers and solar energy scheme (SEC) for powerlooms.
  • PMCS for powerlooms: Under it, financial assistance, including margin money subsidy and interest reimbursement, will be given as against the credit facility under Pradhan Mantri Mudra Yojana to the decentralised power loom units.
  • SEC for powerlooms: Under it, financial subsidy for the installation of the Solar Photo Voltaic Plants will be provided to alleviate the problems of power cuts.
  • Government will provide subsidy of 50% to power loom units having maximum eight looms for adopting solar energy for captive use either in grid or off grid system.
  • Other components of the scheme: In-situ Upgradation of Plain Powerlooms; Group Workshed Scheme (GWS); Yarn Bank Scheme; Common Facility Centre (CFC); Facilitation, IT, Awareness, Market Development and Publicity for Powerloom Schemes, Tex Venture Capital Fund and Grant-in-Aid and Modernisation & Upgradation of Powerloom Service Centres (PSCs).

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MoU signed for welfare of Handicraft Artisans belonging to Scheduled Castes

The Union Ministry of Textiles and Ministry of Social Justice and Empowerment have signed MoU to step up interventions for the welfare and economic development of scheduled caste artisans.

The MoU was signed between Development Commissioner (Handicrafts), Ministry of Textiles and National Scheduled Castes Finance and Development Corporation (NSFDC), a CPSU under Ministry of Social Justice.

The MoU aims for
  • Continuous and extensive collaboration between NSFDC and Office of DC (Handicrafts).
  • Assessment and gap identification through popularising various schemes by holding awareness camps.
  • Extensive skill upgradation in the identified clusters having dominant presence of SC artisans, in the field of innovative and market-friendly designs and adoption of modern tools and techniques
  • Enhancing participation of SC artisans and their producer groups in domestic and international marketing events.
  • Providing working capital credit for SC artisans at concessional rates, by combining benefits provided by both ministers.

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