Home / Knowledge / News / Textiles / Govt aims 20% increase in khadi sales, allocates Rs 340 cr
Govt aims 20% increase in khadi sales, allocates Rs 340 cr
15
Feb '17
Government has earmarked a package of Rs 340 crore in the recently announced Union Budget 2017-18 for establishing khadi plazas and for the Modified Market Development Assistance scheme as it aims to increase the production and sales of khadi products by up to 20 per cent in the next three years. Close to Rs 15 crore from the package will be used for setting up the five khadi plazas.

The wage of artisans is also expected to increase and close to 1,500 khadi institutions will benefit from the provision of the Output Outcome framework of schemes for 2017-18, according to media reports.

About Rs 3,002 crore from the Rs 6,481.96-crore package allocated to the ministry of micro, small and medium enterprises has been given to the Credit Guarantee Scheme (CGS). It will help support credit proposals worth Rs 4,68,000, while approving credit guarantee of close to Rs 17,955 crore.

The Prime Minister's Employment Generation Programme (PMEGP) will receive Rs 1,024.49 crore to establish 56,500 micro units and provide employment to about 4.52 lakh people. In order to enhance job prospects for trained individuals, Rs 105 crore has been given to Technology Centres for assisting 40,000 units and training 1,99,500 individuals.

A provision has also been made in the Output Outcome framework of schemes for 2017-18 to provide Rs 451 crore to the Credit Linked Capital Subsidy Scheme (CLCSS). This will benefit about 6,700 MSMEs by helping them improve their productivity, product quality and sales turnover.

The cluster development programme (CDP) for MSME has also been given Rs 184 crore to increase the competitiveness of industrial sectors in the next two years. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search