Business Companies 16 Mar 2017 Govt frames solar sc ...

Govt frames solar scheme to promote powerloom sector

PTI
Published Mar 16, 2017, 3:11 pm IST
Updated Mar 16, 2017, 3:12 pm IST
Scheme will provide financial assistance and capital subsidy to the extent of 50 per cent, 75 per cent and 90 per cent.
The Powerloom scheme will come into force from April 1(Photo: Youtube screengrab)
 The Powerloom scheme will come into force from April 1(Photo: Youtube screengrab)

New Delhi: The government today said it has formulated a scheme to provide incentives and concessions to loom weavers to utilise solar energy to increase production.

Minister of State for Textiles Ajay Tamta said that for the development of the powerloom sector, the government has formulated the 'Solar Energy Scheme'. "The scheme will come into force from April 1," he said in a written reply to the Lok Sabha.

 

Under the scheme, the government will provide financial assistance and capital subsidy to the extent of 50 per cent, 75 per cent and 90 per cent of the basic cost of the solar energy plant to applicants.

To a separate question, he said the government has conducted a study on the Scheme for Integrated Textiles Parks. The study has indicated that many of the parks have done well, but "the parks are yet to attain their planned investment levels due to lower occupancy rates".

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