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Powertex INDIA | PIB Summary

Very Important

The Government has launched PowerTex India, a comprehensive scheme for powerloom sector development, simultaneously at over 45 locations in the country.

Powertex INDIA | Highlights

  • Launching the scheme in Bhiwandi, Thane district, Maharashtra, the Union Textiles Minister, Smt. Smriti Zubin Irani said that Bhiwandi will be known for resurgence in Powerloom sector.
  • Recalling that the powerloom sector alone employs over 44 lakh people, the Minister said that the scheme will especially benefit small powerloom weavers.

Components of POWERTex

  • 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
  • Grant-in-Aid and Modernisation & Upgradation of Powerloom Service Centres (PSCs)

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