6 Government of India Initiatives that Every Textile Entrepreneur Should Know About
Textile is one of India’s largest industries and the second largest in terms of employment – generating jobs for more than 45 million people in the country1. To enhance employment, exports, and to open doors to foreign investments, the Government of India is working towards improving machines and facilities for skill enhancement.
6 such initiatives to support the steady growth of the textile sector are:
Under this scheme, the government is providing credit linked capital investment subsidy to facilitate technology upgradation in micro and small enterprises. This is expected to lead to enhanced productivity, quality, employment, exports and import substitution in the textile industry.
Launched for the development of the power loom sector with an emphasis on knitting and knitwear, this scheme focuses on improving the existing infrastructure and encouraging modernisation in the power loom sector. Additionally, it aims to improve the quality and productivity of fabrics to survive competition in domestic and international markets.
3.SAMARTH – Scheme for Capacity Building in the Textile Sector
There are many opportunities in the textile sector but there is a shortage of skilled workers. To address this, the Central government of India has launched a scheme for capacity building. The objective of this is to provide demand-driven, placement-oriented training to create opportunities in the organised textile sector and to promote skill upgradation in the traditional sectors.
4. Silk Samagra – Integrated Silk Development Scheme
Initiated by The Central Silk Board, this scheme aims to maintain and strengthen Sericulture activities in India. This board carries out commercial seed production, certification and capacity building apart from implementing developmental programs in coordination with State Sericulture Departments. The emphasis is on enhancing the Silk industry in India by focusing on improving the quality and productivity of domestic silk and to reduce the country’s reliance on imported silk.
5. North Eastern Region Textile Promotion Scheme (NERTPS)
This scheme aims to promote and enhance the textile sector, horticulture, handlooms, small-scale power loom and handicrafts among the North Eastern states (Assam, Manipur, Tripura, Sikkim, Nagaland, Meghalaya and Arunachal Pradesh). The scheme is designed to help the textile industry produce better quality at large scale, contribute to India’s GDP, boost exports and preserve the region’s cultural heritage. Under this scheme, financial, infrastructure and technical support is provided for all types of materials, including jute, silk, cotton, wool.
6. Comprehensive Handicrafts Cluster Development Scheme (CHCDS)
This scheme aims at benefitting poor artisans located in far flung areas of the country and raising their standard of living by generating employment opportunities. To make this happen, artisans and entrepreneurs are assisted in setting up improved units with modern infrastructure, latest technology and provided adequate training.