He appreciated the solar power plant scheme giving 50 to 90 per cent subsidy with the lower cap for powerlooms connected to the grid and higher benefit for powerlooms that go off the grid.This would give great relief to states, especially Maharashtra and Tamil Nadu that account over 75 per cent of powerlooms in the country to reduce power subsidy commitment and also enable the sector to be self-reliant, he said.He was speaking after attending the launch function at Erode, which was inaugurated by Additional Secretary, Ministry of Textiles, Pusha Subrahmanyam.Appreciating the assistance given for women entrepreneurs under Stand Up India Scheme by providing 25 per cent margin money subsidy with a ceiling of Rs 25 lakh, he lauded the Texventure Capital Fund Scheme, where financial assistance is provided up to Rs three crore invested under SIDBI Venture Capital Fund Scheme.. Senthilkumar said the scheme would greatly benefit the powerloom sector to improve its competitiveness in the global market and also enable the sector supply quality fabrics at a competitive rate to the garmenting and made-up sector. |
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