Govt to soon launch scheme to support powerloom weavers

Image
Press Trust of India New Delhi
Last Updated : Mar 17 2017 | 3:22 PM IST
The government will soon launch a scheme to protect the interest of powerloom weavers, Parliament was informed today.
"We are taking steps to address concerns of powerloom weavers. Very soon, we are going to launch a scheme to help them," Minister of State for Textiles Ajay Tamta said during Question Hour in the Rajya Sabha.
Powerloom weavers are facing problems like lack of regular supply of electricity and availability of sufficient yarn, among others, he said.
Sharing the key features of the proposed scheme, the Minister said that solar energy will be promoted and subsidy support given to powerloom weavers.
The Minister announced the measure while replying to a query by Ananda Bhaskar Rapolu (Cong) on the steps being taken to protect powerloom weavers in various states including Andhra Pradesh.
Highlighting the measures taken to revamp the textile industry, the Minister said the government has launched a special package for garment and made-ups segment besides implementing various schemes for upgrading decentralised powerloom, handloom and handicraft sector.
Under the special package for garment and made-ups segment, the Minister said that rebate of state levies (RoSL) is given to exporters on the lines of existing duty drawback scheme underwhich rebate is given on central levies.
RoSL is implemented from September 2016 and Rs 1,470 crore worth of claims are pending so far. Of which, Rs 29 crore has been cleared, he said.
Under Technology Fund Scheme (TUFS), Rs 58.93 crore towards margin money subsidy is pending as the sanctioned budget for 2016-17 fiscal has been exhausted, he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 17 2017 | 3:22 PM IST

Next Story