The Union government has announced a comprehensive scheme for powerloom sector development. The scheme was launched by Union textiles minister through video conference at Bhiwandi, Maharashtra and also in all powerloom centres across the country, including Erode. The scheme would especially benefit Maharastra and Tamil Nadu. The components of PowerTex India scheme are in-situ upgradation of plain powerlooms; group workshed scheme (GWS); yarn bank scheme; common facility centre (CFC); Pradhan Mantri Credit Scheme for powerloom weavers; Solar Energy Scheme for powerlooms; Facilitation, IT, awareness, market development and publicity for powerloom schemes; Tex Venture Capital Fund; and Grant-in-Aid and modernisation and Upgradation of powerloom service centres (PSCs). The objective of the first component of in-situ upgradation is to provide financial assistance to economically weaker low-end powerloom units, for upgrading existing plain looms to semi-automatic/shuttleless looms by way of fixing certain additional attachment/kits. The objective is also to improve quality and productivity of the fabrics being produced and enable them to face the competition in domestic and international markets. All powerloom units having up to 8 looms would be eligible under this component.
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