Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

GREAT Scheme

Note4Students

From UPSC perspective, the following things are important :

Prelims level: GREAT Scheme

Why in the News?

As of February 4, 2025, 4 startups have been approved under the ‘Grant for Research & Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT)’ Scheme.

About GREAT Scheme:

  • The GREAT Scheme is a government initiative under the National Technical Textiles Mission (NTTM).
  • Launched by the Ministry of Textiles, it provides financial support to startups working in technical textiles.
  • The scheme focuses on Medical Textiles, Industrial Textiles, and Protective Textiles, fostering innovation, research, and entrepreneurship.
  • It aims to promote entrepreneurship in technical textiles by funding early-stage innovations.
  • Provisions and Features:
    • Financial Support: Startups receive grants of up to ₹50 lakh for up to a period of 18 months.
    • No Royalty Requirement: Unlike private funding, the government does not take a share of the startup’s profits.
    • Upfront Contribution: Startups must deposit 10% of the allocated grant (e.g., ₹5 lakh for a ₹50 lakh grant).
    • Sector Focus: Covers Medical, Industrial, and Protective Technical Textiles.
    • Budget Allocation: Part of the ₹375 crore funding for FY 2025 under NTTM.

Back2Basics: National Technical Textiles Mission (NTTM) 

  • Launched in 2020 to make India a global leader in technical textiles through research and innovation.
  • Budget of ₹1,480 crore, focusing on medical, industrial, protective, and geo-textiles.
  • Supports R&D, skill development, and investment in high-performance textiles for defense, healthcare, and infrastructure.
  • Includes Production-Linked Incentives (PLI), PM MITRA Parks, and quality control regulations to boost manufacturing.
  • Aims to increase India’s technical textiles market to $40-50 billion with 15-20% annual growth.

 

PYQ:

[2013] Analyse the factors for highly decentralized cotton textile industry in India.

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