The scheme aims to alleviate the problem of power cuts faced by the decentralised powerloom units in the country.
"The funds requirement for the three years (2017-18, 2018-19 and 2019-2020) would be Rs 19.95 crore covering 480 powerloom units," Union Textiles Minister Smriti Irani said in a written reply in the Rajya Sabha.
The subsidy is expected to make power cost economical for the looms and make the units self-sufficient on the power front while the government can supply grid power to other industries.
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