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Govt plans to converge insurance schemes for weavers
03
Dec '16
The finance ministry of India is planning to converge all the insurance schemes for handloom weavers including the Mahatma Gandhi Bunkar Bima Yojana (MGBBY) to increase their insurance cover, said Union textiles minister Smriti Irani. MGBBY will be merged into Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana from next fiscal.

The finance ministry is already coordinating with the concerned ministries to successfully converge the schemes, said Irani in a written reply to Rajya Sabha. The office of development commissioner for handloom implements the MGBBY through LIC.

Close to 129 cotton man-made fibre textile mills have been reported as closed in the last five fiscals and there were 2,002 such small-scale mills in the country as on September 30, 2016, said media reports quoting Irani.

Irani also said that the government is working towards implementing Processing Development Scheme to help textile processing units with setting up or upgrading Common Effluent Treatment Plants with zero liquid discharge technology or marine discharge technology. (KD)

Fibre2Fashion News Desk – India


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