Ministry : Ministry of Textiles
Aims to boost common infrastructure and modernisation of the powerloom sector in the country.
Scheme:
- PowerTex India scheme comprises new research and development in power loom textiles, new markets, branding, subsidies and welfare schemes for the workers.
- It has two schemes:
- Pradhan Mantri Credit Scheme (PMCS) for powerloom weavers and
- Solar energy scheme (SEC) for powerlooms.
- PMCS for power looms: Under it, financial assistance, including margin money subsidy and interest reimbursement, will be given as against the credit facility under Pradhan Mantri Mudra Yojana to the decentralised power loom units.
- SEC for power looms: Under it, financial subsidy for the installation of the Solar Photo Voltaic Plants will be provided to alleviate the problems of power cuts.
- Government will provide subsidy of 50% to power loom units having maximum eight looms for adopting solar energy for captive use either in grid or off grid system