Textiles Ministry’s outreach programme for MSME stakeholders
New Delhi [India], Feb 12 (ANI): Union Ministry of Textiles is organising an outreach programme for textiles sector MSMEs on February 13 to hold interactions with the stakeholders to help them avail the support and outreach for 100 days programme announced by Prime Minister Narendra Modi.
ANI
Feb 12, 2019 13:52 IST
New Delhi [India], Feb 12 (ANI): Union Ministry of Textiles is organising an outreach programme for textiles sector MSMEs on February 13 to hold interactions with the stakeholders to help them avail the support and outreach for 100 days programme announced by Prime Minister Narendra Modi.
Minister of Social Justice and Empowerment Dr Thawar Chand Gehlot will be the chief guest, while Minister of Textiles Smriti Zubin Irani will preside over the function. Minister of State for Textiles, Ajay Tamta, will also be present on the occasion.
Prime Minister Modi had launched the support and outreach 100 days programme for MSMEs on November 2 last year, identifying one hundred districts in various sectors across the country. Amongst these, thirty-nine districts were identified for textiles sector—12 for handloom, 19 for handicraft and 8 for power loom.
Under the support and outreach 100 days programme, various activities have been undertaken in identified districts for creating synergy for MSMEs in textile sector like holding camps for Mudra loan in collaboration with local bank, enrolment of beneficiaries on e-Dhaga, distribution of toolkits to beneficiaries, registration and distribution of Pehchancard to artisans and weavers, popularisation of 24x7 helpline, quality certification and social security.
With a view to consolidating progress under the programme, district level events were organised in each identified district on February 9 or 10. Further exhibition of handloom, handicraft, and power loom products were also organised at the State Bhawans of the identified districts in Delhi on February 11 and 12.
Over 75 per cent of the garment industry in India is in the MSME sector and the twelve initiatives covered in the package would benefit most units in the industry. The two per cent interest subvention for new loans, two per cent additional subvention for export credits and clearance of loans up to Rs 1 crore within 59 minutes would help India's garment industry to address working capital problems.
Benefits to Ministry of Textiles include skilling of youth in the textile sector, thus, providing requisite skilled manpower to the textile industry. These incentives would provide support in the manufacturing of quality tools to improve the productivity of MSMEs and enable them to become competitive in national and international markets.
“The initiatives taken under the MSME outreach programme will provide a much-needed fillip and encouragement to the MSME sector which contributes significantly to the textiles exports,” said the ministry in a statement. (ANI)
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