Home / Knowledge / News / Textiles / Govt opens 11,86,203 textile workers' bank accounts
Govt opens 11,86,203 textile workers' bank accounts
Feb '17
The Indian government has launched a drive by organising special camps for opening bank accounts and promoting digital payments in the textiles sector, according to Union textiles minister Smriti Irani. Close to 11,86,203 bank accounts have been opened and activated for textile workers that includes about 17,245 accounts of workers from the jute segment.

Up until January 20, 2017, 1,912 camps were organised for weavers and artisans of handloom and handicrafts sector, said Irani in a written reply to a Lok Sabha question.

A total of 6,28,215 bank accounts have been opened/mobile apps downloaded by the participants of these camps. Banks have also provided micro-ATM facilities at weaving clusters.

In a reply to another Lok Sabha question, the minister said that the government has announced a special package of reforms for generation of around 1.11 crore jobs in apparel and made-ups sectors, and for a cumulative increase of $32.8 billion in exports and investment of Rs 80,630 crore over the next three years.

“The package includes a slew of measures, which are labour-friendly and would promote employment generation, economies of scale and boost exports. Moreover, the government is providing additional production-linked incentive of 10 per cent under the Amended Technology Upgradation Scheme (ATUFS), for promoting employment in garmenting segment,” she added.

Irani also said that the government has designed Pradhan Mantri Paridhan Rojgar Protsahan Yojana (PMPRPY) to incentivise employers in the apparel sector for generation of new employment. Under the PMPRPY, government provides additional 3.67 per cent of the employer’s contribution, in addition to government bearing 8.33 per cent of employer contribution of Provident Fund (EPF).The special package has been extended to made-ups sector to provide additional impetus to employment generation.

“The government has also been implementing the ATUFS, the scheme for Integrated Textile Parks (SITP), the Integrated Skill Development Scheme (ISDS), the North Eastern Region Textile Promotion Scheme (NERTPS) and more with a view to enhance the growth of the textile sector and increase employment in the sector,” concluded Irani. (KD)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Pyrates Smart Fabrics

Textiles | On 16th Jul 2018

Spain's Pyrates Smart Fabrics targets Asia, S America

Spain-based Pyrates Smart Fabrics, whose major markets are northern...

Bangladesh to modernise 3 jute factories to boost sector

Textiles | On 16th Jul 2018

Bangladesh to modernise 3 jute factories to boost sector

The executive committee of Bangladesh’s National Economic Council...

Courtesy: Asda

Apparel/Garments | On 16th Jul 2018

J Sainsbury agrees to £3.5 bn financing for Asda merger

J Sainsbury plc has agreed for a financing package of £3.5 billion in ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Urmil Arya

Sushila International, a well established textile organisation established ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2018

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

news category

Related Categories:

Advanced Search