Textile Industry Schemes
Textile sector of India contributes 14% to industrial production, 4% to India’s GDP and constitutes to 13% of country’s export earnings. It is the biggest employer in India after Agriculture. Some of the Major schemes are briefly explained below:
Amended Technology Upgradation Funds Scheme (ATUFS): Credit Linked Capital Investment Subsidy (CIS) is provided for Technology Upgradation under the ATUFS to promote exports through “Make in India” with “Zero Effect and Zero Defect” in manufacturing.
PowerTex India Scheme: It is a comprehensive scheme for powerloom sector.
Scheme for Integrated Textile Parks (SITP): It was launched in 2005 to encourage private investments and employment generation in textile sector by facilitating world class infrastructure for common facilities, such as roads, power generation and distribution network, etc.
Till date, 14 out of first 40 Parks have been completed and 13 parks are operational.
SAMARTH: It is a Skill Development and Skill Upgradation Scheme for textile sector with a target to train 10 lakh persons over a period of three years (2017-20).
Silk Samagra – Integrated Silk Development Scheme: It is a Central Sector Scheme for Silk Sector for a period of three years (2017-20) with a focus on Beneficiary Oriented Components.
North-East Region Textile Promotion Scheme (NERTPS): It aims to provide infrastructure, capacity-building and marketing support to the industry in North-East India.
Under the Scheme, the Government has set up an Apparel and Garment Making Centre at Bodhjungnagar, Agartala under the NERTPS.
National Handicraft Development Programme (NHDP): It is an umbrella programme consisting of seven schemes for promotion and development of handicraft sector including Baba Saheb Hastshilp Vikas Yojana, Design and Technology Up-gradation, etc.
Labour law reforms: Government is now bearing 3.67% of Employee Provident Fund (EPF) contribution for new workmen in addition to existing reimbursement of 8.33% employer contribution under Pradhan Mantri Rojgar Protsahan Yojana.
Merchandise Exports from India (MEIS): Further, Directorate General of Foreign Trade has taken several measures under MEIS scheme to boost textile exports.