Union Textiles Minister launches PowerTex India Scheme

The Government has launched PowerTex India, a comprehensive scheme for power loom sector development, simultaneously at over 45 locations in the country.

The Union Textiles Minister, Smt. Smriti Zubin Irani Launched the scheme in Bhiwandi, Thane district, Maharashtra. The scheme will especially benefit small powerloom weavers.
The Minister and CMs interacted with various states like Maharashtra, Gujarat, Bihar, Tamil Nadu, Karnataka, Uttar Pradesh and others through video conference, as PowerTex India scheme was launched nationwide.
The comprehensive scheme has the following components:
  • In-situ Upgradation of Plain Powerlooms
  • Group Workshed Scheme (GWS)
  • Yarn Bank Scheme
  • Common Facility Centre (CFC)
  • Pradhan Mantri Credit Scheme for Powerloom Weavers
  • Solar Energy Scheme for Powerlooms
  • Facilitation, IT, Awareness, Market Development and Publicity for Powerloom Schemes
  • Tex Venture Capital Fund
  • Grant-in-Aid and Modernisation & Upgradation of Powerloom Service Centres (PSCs)

    Takeaways from above News-
    • The Government has launched PowerTex India scheme for power loom sector development
    • The Union Textiles Minister, Smt. Smriti Zubin Irani Launched the scheme in Maharashtra

    If you have any other takeaways, do share with us in the comment section
    Source- Business Standard

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