Current Affairs 3rd March 2019

Current Affairs 3rd March 2019 - Important Points

Textiles Minister launched scheme for development of knitwear sector on - 28th February 2019
Current Affairs 3rd March 2019 - Details

Textiles Minister launched scheme for development of knitwear sector on - 28th February 2019

Smriti Zubin Union Minister of Textiles has Irani launched a comprehensive scheme to develop knitting and knitwear sector under PowerTex India on 28th February 2019 in New Delhi.

The Textiles Minister also interacted with industry associations related to knit wear sector in three clusters of Tirupur , Kolkata and Ludhiana through video link. The Minister has stated that knitting and knitwear sector is predominantly MSME in size and mainly located in decentralised sector and is one of the very big employment generator sector.

Important Highlights

•  New service centers creation on PPP (Public Private Partnership) model by industry and association to knit and knitwear clusters.
• Modernisation and upgradation of existing power loom service Centers (PSCs) and institution run by  TRAs (Textile Research Associations) as well as Export Promotion Councils (EPCs) Association in knitting and knitwear clusters.

 Common facility center scheme.

Group work shed scheme.

 Solar Energy Scheme.

Yarn bank scheme.

Pradhan mantra Credit Scheme.

Facilitation, studies, IT, awareness, market development, surveys and publicity for knitting and knitwear units.

Did you know?

The Textiles Ministry has approved combined SFC of PowerTex India Scheme and Knitwear Scheme with an outlay of Rs 487.07 crores. Out of this Rs 439.35 crore is for PowerTex for 3 years effective from 1st April 2017 to  31st March 2020 and Rs 47.72 crores for Knitwear towards the remaining period of 2018-19 and for 2019-20.