Steps to Strengthen & Modernize Powerloom Sector

In order to strengthen and modernise the Powerloom Sector, Government has launched Power Tex India, a Comprehensive Scheme for Powerloom Sector Development w.e.f. 01.04.2017. Under the scheme there are several interventions. Under In-situ upgradation of plain powerloom scheme the subsidy amount has been enhanced from Rs. 15,000/- to Rs. 20,000(GEN- 50%), Rs. 30,000 (SC -75%), Rs 36,000 (ST-90%) – per loom; under Group Workshed Scheme the GOI assistance for construction of workshed has been enhanced  from Rs. 300/- to Rs.400/- per sqft; and under Yarn Bank component, the government share of  Corpus limit has been enhanced from Rs.1.00 crore to Rs.2.00 crores per project. Two new components namely (i) Pradhan Mantri Mudra Scheme, under which Margin Money Subsidy and Interest Subvention are provided; and (ii) Solar Energy Scheme under which financial assistance is provided to the tune of 50%, 75% and 90% to the Gen, SC/ST category workers respectively; have been introduced.

State Governments have been requested to provide additional benefits to powerloom units in their States in addition to the subsidy /benefits given by Govt. of India. The details of additional subsidy provided by Govt. of Maharashtra, Telengana, Bihar and Karnataka under In-situ upgradation scheme are given below:

Stakeholder meetings are held with members of the Powerloom industry. During 2016-17 three stakeholder meetings were held with representatives from Powerloom sector at the Ministry level.  Further, several stakeholder meetings were held at the cluster level. Apart from this, grievances received through the Centralized Public Grievance Redress and Monitoring System (CPGRAMS) are redressed.  Based on the suggestions received, the Ministry takes necessary measures for removing the impediments and strengthening the sector.