|
|
|
Let's have a look: The Potent Policies and the Textile Sector by samar Sharma
|
|
|
Let's have a look: The Potent Policies and the Textile Sector |
|
|
|
Education,Research,EBooks
|
|
The formidable growth of Textile Sector in mushrooming the number of employment generation opportunities and providing economic stability is exemplary. Textile industry in India is a structural wonder, as it has proven crucial for the country since it was established back in,1991. Textiles is one of the oldest industries and has a considerable presence in the national economy as it contributes a major portion to the GDP of the country. It also contributes about 15 per cent of manufacturing value-addition, accounts for around one-third of our gross export earnings and provides gainful employment to millions of people. It also contributes to nearly 30% of the total exports and is the second largest employment generator after agriculture. Government initiatives has played a key role in symbolizing and establishing this industry as a primary monetary institution and contributor. The blog discusses some of the crucial initiative that government has taken to boost this industry in the recent years. • Other than allowing 100% FDI (Foreign Direct Investment) in textiles under the automatic route. The Government introduced Welfare schemes, under which the Government provides Health and Life insurance coverage to 161.10 million weavers and ancillary workers under the hand loom weaver s comprehensive welfare scheme, while 73000artisans were provided health coverage under the Rajiv Gandhi Shilpi Swasthya Bima Yojana. • The Credit Guarantee program introduced by the Government has applied credit cards to more than 25,000 artisans to promote and enable them with necessary supplies. More than 16.5 million applications were received for issuing Credit cards which are under banks' consideration with regards to the credit linkage program. • The Government of India has taken an extraordinary step to waive a package of US$ 605 Million which remain as an overdue loan on Textile industry. This is expected to benefit more than 300,000 hand loom weavers of the industry and 15,000 cooperative societies. • The newly announced 40 Textile Parks all across the country, that as per expectation would be functional in next 36 months would leverage employment o more than 400,000 textile workers. The product mix of these parks would include garment, silk, technical, textile, carpet, processing and power loom parks. Other than these schemes a great Memphis is laid upon skill development. The E-marketing platforms too have been introduced for the same.
Related Articles -
textile, education, scheme, Cotton, policies,
|
Rate This Article |
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
Reader Opinions |
|
|
|
|
|
|
|
|
Author Login |
|
|
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|