Exhibition showcasing achievements of textiles sector MSMEs to be held on Feb 13

Prime Minister, Narendra Modi, had launched the support and outreach 100 days programme for MSMEs on 2nd November 2018 identifying one hundred districts in various sectors across the country.

Ministry of Textiles is organizing an outreach programme for Textiles Sector MSMEs on 13th February 2019 in New Delhi to hold interactions with the stakeholders to help them avail the support and outreach for 100 days programme announced by the Prime Minister.

Minister of Social Justice & Empowerment, Dr Thawar Chand Gehlot will be the Chief Guest. Minister of Textiles, Smriti Zubin Irani will preside over the function. Minister of State for Textiles, Ajay Tamta will also be present.

An exhibition showcasing achievements of the textiles sector MSMEs will also be held during this occasion.

Prime Minister, Narendra Modi, had launched the support and outreach 100 days programme for MSMEs on 2nd November 2018 identifying one hundred districts in various sectors across the country. Amongst these, thirty-nine districts were identified for textiles sector - 12 for handloom, 19 for handicraft and 8 for power loom.

Under the support and outreach 100 days programme, various activities have been undertaken in identified districts for creating synergy for MSMEs in textile sector like holding camps for Mudra Loan in collaboration with local bank, enrolment of beneficiaries on e-dhaga, distribution of toolkits to beneficiaries, registration and distribution of Pehchancard to artisans and weavers, popularization of 24x7 helpline, quality certification and social security. With a view to consolidating progress under the programme, district level events were organized in each identified district on 9th or 10th February 2019. A further exhibition of handloom, handicraft and powerloom products were also organized in the State Bhavans of the identified districts in Delhi on 11th& 12th February 2019.

Over 75 % of the garment industry in India is in the MSME sector and the twelve initiatives covered in the package would benefit most units in the industry. The two per cent interest subvention for new loans, two per cent additional subvention for export credits and clearance of loans up to Rs. 1crore within 59 minutes would help India's garment industry to address working capital problems. Credit based on upcoming receivables under the e-discounting system is another welcome step in this direction.

Benefits to the Ministry of Textiles include the killing of a youth in the textile sector, thus, providing requisite skilled manpower to the textile industry. These incentives would provide support in the manufacturing of quality tools to improve the productivity of MSMEs and enable them to become competitive in national and international markets. It will also provide trained manpower and consultancy in related areas. Since the Textiles industry is rapidly moving forward towards modernization, expansion and integration, these initiatives will be immensely beneficial to the textile sector.

The various announcements and deliverables focused on access to credit, access to the market, hand holding and facilitation support measures for MSME sector will substantially encourage and uplift the Indian textile segment, as most of the manufacturing units of this segment are MSMEs.The MSME focused outreach programme will give a boost to the MMF textile manufacturing units in textile hubs like Gujrat, Maharashtra, Tamil Nadu and Uttar Pradesh. The initiatives are gifts to MSMEs and they will not only enhance MSMEs spirit and confidence level including competitiveness but they would also be able to focus on increasing their business activity.

The initiatives taken under the MSME outreach programme will provide a much-needed fillip and encouragement to the MSME sector which contributes significantly to the textiles exports.

The sanctioning of the loan in less than an hour will save a lot of time of MSM entrepreneurs. The announcement of the stoppage of a visit by an inspector, the decision of his visit through a computerized random allotment, uploading of reports on portal within 48 hours, would enable MSMEs to do hassle free business.

The government has also launched a special drive for the opening of bank accounts and promotion of digital payments in the textiles sector by organizing special camps along with micro-ATM facilities at weaving clusters.

Joint Secretary Level IAS Officers have been designated as Prabhari in each district to work with nodal officers appointed by respective sectoral heads.

(With Inputs from PIB)