Circular No.ES/155/2018-19 August 10, 2018
To: Members of the Council
Sub.: Schemes and Policy Initiatives for Development of Textiles and Handicrafts
As you are aware the Government has been implementing various measures for the textile sector, particularly for technology upgradation, infrastructure creation and skill development. These implemented Schemes are as follows :
The Government also launched a special package to boost investment, employment and exports in the garmenting and made-up sector. The special package was designed to create upto one crore jobs, and boost exports by US $ 31 billion and attract investment of Rs. 80,000 crores in 3 years. Till now, it has generated additional exports of Rs. 5,728 crore and additional investments of Rs. 25,345 crore.
Under the ATUFS, an amount of Rs. 17,822 crore was approved for providing one-time capital subsidy to eligible machinery for seven years from 2015-16 to 2021-22 (including committed liability of Rs. 12,671 crore and Rs. 5,151 crore for new cases). Rs. 8,078.94 crore has so far been released under the scheme.
Under the North East Region Textile Promotion Scheme (NERTPS) the Government has also set up –
To promote handloom sector in Tripura, Government sanctioned 3 Block level clusters with Rs. 4.28 crore, 44 marketing events with Rs.2.41 crore, 9 Mudra loans (Rs.3 lakh) and enrolled 9,367 weavers and artisans under Health Insurance Scheme and 2,718 weavers and artisans under Mahatma Gandhi Bunkar Bima Yojana.
In view of the above the Ministry of Textiles has issued a Press Release informing about the schemes and policies initiated by the Government for the development of Textiles and Handicrafts.
This is for your information.