Related Keywords: National Handloom Development Corporation (NHDC), primary weavers, Woollen yarn, Yarn Supply Scheme
The Cabinet Committee on Economic Affairs has approved the continuation of the Mill Gate Price Scheme (MGPS) along with 10 percent subsidy component with modifications. The scheme is now renamed as the Yarn Supply Scheme (YSS).
The plan outlay for YSS during the 12th Plan will be Rs.443 crore.
The scheme will cover the weavers who are under privileged as also vulnerable groups, by providing them subsidized yarn so that they can compete with the powerloom and mill sector. The target for the 12th Plan will be to supply 3506 lakh kg yarn worth Rs.4364 crore.
