1-Apr-2017: Union Textiles Minister launches PowerTex India
The Government has launched PowerTex India, a comprehensive scheme for power-loom sector development, simultaneously at over 45 locations in the country.
Powerloom sector alone employs over 44 lakh people. The PowerTex India scheme will especially benefit small powerloom weavers.
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)