Govt took a big step in making India self-sufficient in silk production. The decisions taken by the cabinet will lead to the formation of a first-ever inter-ministerial panel to boost R&D and technology transfer in the silk sector with a 1,000 crore rupee fund. The Cabinet Committee on Economic Affairs has approved Integrated Scheme for Development of Silk Industry for the next three years from 2017-18 to 2019-20.
The scheme will help to increase productive employment from 85 lakhs to 1 crore persons by 2020. The scheme aims to achieve self-sufficiency in silk production by 2022. The scheme will be implemented by the Ministry through Central Silk Board.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Smriti Irani is the Union Textiles Minister of India.