PowerTex India Scheme
PowerTex India Scheme
PowerTex India is an all-inclusive scheme that’s made for the development of the power loom sector which further addresses the unheard needs of the power loom sector. The Union Textiles Minister Shri. Smriti Irani had launched the scheme for developing the knitting and knitwear sector under the PowerTex India Scheme. The already introduced schemes are now modified with additional components, and new schemes are also added in an attempt to develop the sector further. This scheme aims at boosting the already existing infrastructure and encourage the adoption of modernisation in the power loom sector at an even larger scale.
Components of The PowerTex India Scheme
- In-situ Upgradation of Plain Power looms.
- Group Workshed Scheme.
- Yarn Bank Scheme.
- Common Facility Centre.
- Pradhan Mantri Credit Scheme for Power looms.
- Solar Energy Scheme for Power looms.
- Market Development, Facilitation, IT, Awareness, and Publicity for Power loom Schemes.
- Tex Venture Capital Fund.
- Grant-in-Aid and Modernisation & Upgradation of Power loom Service Centres (PSCs).
Financial Assistance/Subsidies to the Components
1. In-situ Upgradation of Plain Power looms
Quantum of Subsidy
|
Category |
Percentage of subsidy |
Maximum subsidy Amount per loom |
||
|
|
Plain power loom to semiautomatic shuttle loom/attachments of dobby, jacquard/pirn winding machine (upgradation without rapier kit) | Semi-automatic shuttle loom to shuttle less rapier loom (Attachment of only Rapier Kit) | Plain power loom to shuttle less rapier loom/Kits Attachments (Upgradation with Rapier kit) | |
|
General |
0.5 | Rs.20,000 | Rs.25,000 | Rs.45,000 |
|
SC |
0.75 | Rs.30,000 | Rs.37,500 |
Rs.67,500 |
| ST | 0.9 | Rs.36,000 | Rs.45,000 |
Rs.81,000 |
2. Group Workshed Scheme
Subsidy Chart
|
S. No. |
Category | Eligible Subsidy on the unit cost of construction |
Cap on Subsidy Per Sq. Ft |
|
1 |
General |
40% | Rs.400 |
|
2 |
SC |
75% |
Rs.750 |
|
3 |
ST | 90% |
Rs.900 |
3. Yarn Bank Scheme
Financial Assistance
The Government of India (GOI) provides interest-free corpus fund of a maximum amount of Rs.200 Lakh per yarn bank to SPV/Consortium.
4. Common Facility Centre
Subsidy Chart
|
S. No. |
Cluster Grade |
Maximum Financial Assistance on Project Cost |
|
1 |
A | 60% |
|
2 |
B |
70% |
|
3 |
C |
80% |
| 4 |
D & Clusters in NER/J&K |
90% |
5. Pradhan Mantri Credit Scheme for Power looms
- PMMY – Financial Assistance
- This financial assistance is done only in the cases of pre-existing individual power loom units (or) New individual/group enterprises that are already involved in the activity of weaving.
- STAND UP INDIA – Financial Assistance
- This financial assistance of flat 25% Money Margin Subsidy is given to a project cost of up to Rs.1 Crore with a ceiling of Rs.25 Lakh whereby the borrower is required and expected to bring in 10% of the Project Cost as their contribution.
6. Solar Energy Scheme for Power looms
Subsidy Chart
| No. of Looms (Solar Capacity) | Maximum cost of Equipment and component eligible for subsidy | Maximum Subsidy in Rupees | ||
| General (50%) | SC (75%) |
ST (90%) |
||
| A) On Grid Power Plant | ||||
| 4 Looms (4 KW) | Rs.2,80,000 | Rs.1,40,000 | Rs.2,10,000 | Rs.2,52,000 |
| 6 Looms (6 KW) | Rs.4,20,000 | Rs.2,10,000 | Rs.3,15,000 | Rs.3,78,000 |
| 8 Looms (8 KW) | Rs.5,60,000 | Rs.2,80,000 | Rs.4,20,500 | Rs.5,04,000 |
| B) Off Grid Power Plant | ||||
| 4 Looms (4 KW) | Rs.3,60,000 | Rs.1,80,000 | Rs.2,70,500 | Rs.3,24,000 |
| 6 Looms (6 KW) | Rs.5,40,000 | Rs.2,70,000 | Rs.4,05,500 | Rs.4,86,000 |
| 8 Looms (8 KW) | Rs.7,20,000 | Rs.3,60,000 | Rs.5,40,000 | Rs.6,48,000 |
7. Market Development, Facilitation, IT, Awareness, and Publicity for Power loom Schemes
Financial Assistance Provided for
- Help Centre: Dedicated helpline to Power loom Weavers, User friendly customer web portal, Disseminate information on Government Schemes of Power looms, Registration of power loom weavers to avail facility/benefits, IT – Development of online-portal/mobile application for schemes implemented by Government of India, Facilitating/Liaison with Banks for Power loom Entrepreneurs, SMS alerts on new developments and initiatives, Design and Technical Advancement, Entrepreneur Cell.
- Awareness and Market Development Programmes: International events like Reverse Buyer-Seller Meets, Seminars/Workshops, E-platform for the marketing of power loom products, Buyer-Seller Meets, Publicity in Electronic and Print Media, Exposure Visit of Weavers and conducting special studies, surveys and evaluation of programmes/schemes on the special needs.
8. Tex Venture Capital Fund
Financial Assistance
A maximum of 50% of the total project cost with a ceiling of Rs.3 crore is invested by SV Credit line Limited (SVCL).
9. Grant-in-Aid and Modernisation & Upgradation of Power loom Service Centres (PSCs)
Financial Assistance
Twenty-Six (26) Textile Research Associations (TRAs), Six (6) State Govt. facilities (offering various services like training, design development, sample testing, consultancy, conducting seminar/workshop, etc.) and Fifteen (15) power loom Service Centres under Office of the Textile Commissioner to the power loom sector on behalf of the Government.
The Grant-in-Aid (GIA) is provided to the PSCs of TRAs/State Government agencies/platforms for the recurring expenses of running the PSCs. The Govt. assistance will include installing modern looms to create awareness of the latest technologies, improving testing facilities, the power loom Service Centres would also be provided with Preparatory machines, Design Development facilities, sewing machines for Garment and Apparel, testing instruments, Embroidery Machines, etc.
Registration Procedure
The following details need to be filled by the applicant to register:
- Enterprise Detail
- Contact Person Details
- Correspondence Details
- Verification Code
The following details need to be filled by the applicant to log in:
- User Name
- Password
- Verification Code
