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Related Keywords: development of weavers and artisans, Handloom and Handicraft clusters, Handloom and Handicraft sectors, India Handloom Brand, micro, Minister of state for textiles, Ministry of Textiles, Small and Medium enterprises, State Textile Ministers, textiles ministry, textiles sector

The meeting was attended by State Ministers of Arunachal Pradesh, Jharkhand, Madhya Pradesh, Telangana, Uttar Pradesh and Uttarakhand along with senior officials of the Ministry of Textiles and Development Commissioners for Handloom and Handicrafts. Minister of Textiles and Information & Broadcasting Smriti Zubin Irani presided over the meeting along with Minister of State for Textiles Ajay Tamta and Secretary Textiles, Anant Kumar Singh.

Related Keywords: from Finance Ministry, Rebate of State Levies scheme, reimbursement will start from next week onwards, securing five 500 crore rupees, start reimbursing Apparel and garment exporters, state levies paid by them, textiles ministry

The Textiles Ministry securing Rs 500 crore from the Finance Ministry will now start reimbursing Apparel and garment exporters for the state levies paid by them, a top official said. The reimbursement will start from next week onwards

In June last year, the government had approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attracting investments of $11 billion and generating $30 billion in exports.

Related Keywords: capital investment subsidy, entire textile value chain, get additional ten percent, made up segment, second largest employment generator, subsidy, Technology Upgradation Fund Scheme, textile sector, textiles ministry, under ATUFS

The made-ups segment which is the second largest employment generator after apparels in the entire textile value chain will get additional 10 percent capital investment subsidy of up to Rs 20 crore under the Amended Technology Upgradation Fund Scheme.

According to the notification from the Textiles Ministry "Every eligible made-ups unit which has availed 15 percent benefit under ATUFS will be paid an additional 10 percent capital investment subsidy on their investment up to an additional maximum cap of Rs 20 crore".

Related Keywords: combines elements of concessional credit, credit guarantee cover, every stateand UT to prepare action plan, five lakh handloom weavers, handloom cluster, interest subvention, New model formulated under Mudra scheme, next three years, provide credit to handloom sector, set target of extending MUDRA loans, such as margin money, textiles ministry

With the government formulating a new model under MUDRA scheme for providing credit to handloom sector under which it has combined elements of concessional credit such as margin money, interest subvention and credit guarantee cover. The Textiles Ministry on June 29 said that it has set a target of extending MUDRA loans to five lakh handloom weavers in the next three years.

The ministry has requested every state and UT to prepare a three-year action plan to achieve the five lakh target.

Related Keywords: AEPC, authorization, change key operational mechanisms, duty exemption schemes, earn duty credits, export process, exported goods, Garment Exporters, inspection and classification norms, MEIS, proof to claim benefits, simplify new foreign trade policy, textiles ministry, withdraw need for landing certificate

The Apparel Export Promotion Council (AEPC) has urged the textiles ministry to simplify the new foreign trade policy’s authorization, inspection and classification norms. Among their requests is to withdraw the need for a landing certificate for exported goods, required as proof to claim benefits under the Merchandise Exports from India Scheme (MEIS). Introduced in April 2015, the scheme aims to boost sagging exports, covering tariff lines for 5,012 items that earn duty credits.