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State
govt to modernise low value powerlooms
Sudha
Swaminathan - Coimbatore
The Tamil Nadu government, in a bid to upgrade the technology employed
in the decentralised powerloom sector, has worked out a special
subsidy scheme, over and above the technology upgradation fund scheme
(TUFS) of the Centre.
It is expected that the order would be passed in a month or two
in this regard.
Under the proposed scheme, the state government will provide funds
for upgradation of low value powerlooms into sophisticated powerlooms.
Initially, 5,000 powerlooms in ten clusters will be modernised in
the year 2002-03.
The government will provide a subsidy of Rs 20,000 or 20 per cent
per loom, whichever is less. The state government has taken this
move, based on the recommendations of the ad-hoc committee formed
to look into the avenues of modernisation of powerlooms in the state.
The committee has also recommended other proposals from the industry,
which include appointing TNTC/Cooptex as the consultant for the
powerlooms to advise on marketing, product diversification, design,
etc, to organise an export market centre, evolve weaver savings
and security schemes, family pension scheme and housing-cum-workshed
schemes.
Meanwhile, the government has also extended soft loan under the
National Equity Fund (NEF) scheme for installation of semi-automatic/automatic
looms in the decentralised powerloom sector under the TUFS.
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