Ministry of Textiles Current Affairs

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Yarn Bank Scheme

The Ministry of Textiles, Government of India had launched a Yarn Bank Scheme as one of the components of PowerTex India scheme with an aim to avoid fluctuation in yarn price.

Objectives of the Scheme

The objectives of the Yarn Bank Scheme are:

  • To provide interest-free corpus fund to Special Purpose Vehicle (SPV) or Consortium to enable them to purchase yarn at a wholesale rate and give the yarn at a reasonable price to the small weavers.
  • To avoid middleman and local supplier’s brokerage charge on sales of yarn.

Financial Assistance under the Scheme

Under the scheme, an interest-free corpus fund up to Rs.2.00 crore would be provided to the Special Purpose Vehicle (SPV)/Consortium formed by power loom weavers.

PowerTex India

PowerTex India is a comprehensive scheme for power loom sector development. The components of the scheme are:

  • In-situ Upgradation of Plain Power looms.
  • Group Workshed Scheme (GWS).
  • Yarn Bank Scheme.
  • Common Facility Centre (CFC).
  • Pradhan Mantri Credit Scheme for Power loom Weavers.
  • Solar Energy Scheme for Power looms.
  • Facilitation, IT, Awareness, Market Development and Publicity for Power loom Schemes.
  • Tex Venture Capital Fund.
  • Grant-in-Aid and Modernisation & Upgradation of Power loom Service Centres (PSCs).

The PowerTex India is an integrated scheme for the development of the power loom sector. PowerTex India aims to boost common infrastructure and modernise the power loom sector in the country.

Month: Categories: India Current Affairs 2018

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Size INDIA: NIFT to conduct National Sizing Survey to develop size chart

National Institute of Fashion Technology (NIFT), New Delhi under Ministry of Textiles is going to conduct National Sizing Survey dubbed as Size India to develop comprehensive size chart for ready-to-wear industry based on body measurements of Indian population. So far, 14 countries have successfully completed national sizing surveys that include US, UK, France, Canada, Spain, Germany, South Korea, Mexico, China and Australia.

Size India project

Size India project is scientific exercise where anthropometric data will be collected from 25,000 sample (with men and women in equal numbers) population in age group 15 to 65 years across six major cities. The six cities are Kolkata (east), Mumbai (west), New Delhi (north), Bengaluru (south), Hyderabad (centre), and Shillong (northeast).

The survey entail measuring statistically relevant sample size pan country using human safe technology of 3D whole body scanner, non-contact method of taking body measurements and analyzing collected data. It will create database of measurements that will result in standardized size chart which is representative of Indian population and can be adopted by apparel industry.

Background

At present, in India, either US or UK size system of ‘Small, Medium, Large, Extra Large’ is being used, and people then go for fitting accordingly. But large percentage of population face difficulty in finding clothes that fit them perfectly according to their body measurements. This is mainly due to differences in anthropometric built of people in different geographical regions across the country.  But, this uniform size chart will have standard reference point for ready-to-wear industry and all India brands will have same size for person.

Month: Categories: India Current Affairs 2018

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