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Govt frames solar scheme to promote powerloom sector

Press Trust of India  |  New Delhi 

The today said it has formulated a scheme to provide incentives and concessions to loom weavers to utilise solar energy to increase production.

Minister of State for Textiles Tamta said that for the development of the powerloom sector, the has formulated the 'Solar Energy Scheme'.


"The scheme will come into force from April 1," he said in a written reply to the Lok Sabha.

Under the scheme, the will provide financial assistance and capital subsidy to the extent of 50 per cent, 75 per cent and 90 per cent of the basic cost of the solar energy plant to applicants.

To a separate question, he said the has conducted a study on the Scheme for Integrated Textiles Parks.

The study has indicated that many of the parks have done well, but "the parks are yet to attain their planned investment levels due to lower occupancy rates".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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