Entrepreneurs from Gujarat and Tamil Nadu have taken maximum advantage of government’s promotional schemes for powerloom textile industry.
The ministry of textiles has announced several promotional schemes for powerloom textile industry, one such scheme was Solar Energy Scheme for small powerloom units, on-grid solar PV plant (without battery back up) and off-grid solar PV plant (with battery back up), where government will provide Rs 2.50 lakh subsidy per unit. This scheme will help the unit to pay back bank loans within 3-4 years, after which the unit shall get practically free electricity.
Currently, there are 25 lakh powerlooms in the country out of which 50 per cent are in Maharashtra. Also, there are 108 powerloom clusters in the country and 72 textile parks but the major benefits of this scheme has been taken by states of Gujarat and Tamil Nadu.