Home / Knowledge / News / Textiles / CCEA approves modernization scheme for coir industry
CCEA approves modernization scheme for coir industry
14
Mar '08
The Cabinet Committee on Economic Affairs gave its approval for:

(i) Launching of the first phase of a central sector scheme on Rejuvenation, Modernization & Technology Upgradation of the Coir Industry with an overall cost of Rs.243 crore.

(ii) Providing a grant of Rs.99 crore out of a total project cost of Rs.243 crore on the scheme for Rejuvenation, Modernization & Technology Upgradation of the Coir Industry over a period of five years commencing from 2007-08.

The Scheme envisages to cover 4000 spinning units and 3200 tiny / household units during the XI Plan. Under the scheme, one existing obsolete ratt/unit would be replaced by four mechanized ratts and each new mechanized ratt will be handled by two against three workers/spinners, presently.

The entire intervention in the spinning sector is targeted to be women oriented. The standard project cost of each spinning and Tiny / Household weaving unit will be Rs.2 lakh and Rs. 5 lakh respectively.

The government subsidy will be 40% of the project cost in each case. 5% of the project cost will be contributed by the beneficiary and the rest 55% will be met through the term loan from the Banks/FI.

The Scheme would help in:
(i) Wages of spinner will be increased from Rs.6000 per annum to Rs.29896 per annum

(ii) Income of weavers in Tiny/ Household sector will be increased from Rs.21065 p.a. to Rs.43230 p.a.

(iii) Productivity per ratt is estimated to increase from 5 to 10 kg per day and productivity per loom to increase from 5 to 10 mats per day.

(iv) Number of work days to gradually increase from 100 to 300 in spinning sector and from 100 to 150 days in Tiny / Household sector.

(v) Employment to increase from 24000 to 60800.

Press Information Bureau Government of India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search