Govt took a big step in making India self-sufficient in silk production. Union Textiles Minister Smriti Irani said the decisions taken by the cabinet will lead to the formation of a first ever inter-ministerial panel to boost R&D & technology transfer in the silk sector with a Rs 1,000 crore fund.
In a move that will significantly boost the domestic silk industry, the Cabinet Committee on Economic Affairs has approved Integrated Scheme for Development of Silk Industry for the next three years from 2017-18 to 2019-20.
The Scheme has four components
The scheme will promote women empowerment and livelihood opportunities to SC/ST and other weaker sections of the society. The scheme will help to increase productive employment from 85 lakhs to 1 crore persons by 2020
The scheme aims to:
The scheme will be implemented by the Ministry through Central Silk Board. The scheme is expected to help the silk sector across the country, & more importantly, in NER and Kashmir. In Kashmir, the silk sector has been stagnating, with production at 175 metric tonnes.
With the new scheme, it is expected that Kashmir silk sector will achieve the target of 400 metric tonnes by 2030.
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