SAMARTHA : Scheme for capacity building in Textile Sector
Default Image

Indialends, 08 Apr 2021

Share share icon

Samartha Scheme

The Ministry of Textile is implementing the Samarth Scheme. It is a flagship scheme for capacity building in Textile Sector. The aim of launching the scheme is to train 10 Lakh between 2017-20 for doing work in this sector.  It is intended to offer skill development and placement-oriented training across the entire textile value chain, excluding spinning and weaving in the organized sector.

The main objective of the Samarth Scheme

It is offering National Skills Framework qualification compliant skilling programs to over 10 Lakh persons.

  • The skilling programs are offered under the Samarth Scheme are to incentivize and supplement the efforts of the textile industry.
  • The scheme is aiming to create more jobs in the textile industry and related sectors that will cover the entire value chain of textiles but excluding weaving and spinning.
  • The traditional sectors of handicrafts, handlooms, sericulture, and jute will be upgraded through the up-gradation of skills.
  • Through skill up-gradation of lakhs of persons can induce self-employment capabilities among youth and others.

Salient Features of Samarth Scheme

  • It is offering enhancement facilitation skills to the master trainers. 
  • By introducing the Aadhaar enabled Biometric Attendance System, will ensure the credibility of the beneficiaries and trainers.
  • Offering CCTV recording of the training programs.
  • Dedicated call center with helpline numbers and offering real-time customer support
  • Mobile app-based Management Information System (MIS)
  • On-line monitoring of training processes

List of all the government initiatives taken for the upliftment of the textile industry

  • For boosting the start-ups and innovative ideas in the textile sector, the Indian Government plans to establish a venture capital funding of Rs 100 Crores.
  • Allowance of 100% FDI through automatic route.
  • The Integrated Processing Development scheme was launched during the 12th Five-year plan for the implementation of greenfield and brownfield projects under modern facilities to benefit the textile clusters.
  • The government has launched the Technology up-gradation Fund Scheme for boosting investments in textile and related sectors in 1999.
  • Scheme for Integrated Textile Parks (SITP) was launched in 2005 to attract investments in the textile sector.
  • For the enhancement of the power loom sector, the government launched the Powered India Scheme in 2017.
  • To increase the productivity of domestic silk, the Silk Samagra Scheme has been launched.
  • In 2015, the government launched Jute-I CARE for jute cultivators.

FAQ’s

Loan against mutual funds (LAMF) allows you to borrow cash against your mutual fund investments as collateral. You can use Volt Money to lien mark your mutual funds digitally to avail an instant limit without losing the ownership of your mutual funds and all the associated benefits with it. Funds will be made available in the form of an overdraft facility.

The annual fee for the Axis Privilege Card is typically Rs. 1,500 plus taxes. This fee can be waived if the cardholder achieves an annual spending milestone, though the exact spending amount for the waiver can vary by card variant. For example, a common waiver condition is spending above Rs. 2.5 lakh in an anniversary year.

Luxe Vouchers are digital gift cards that can be redeemed across popular luxury and lifestyle brands such as Myntra, Flipkart, Pantaloons, and more. Once you qualify for the offer, the voucher code will be sent directly to your registered email ID or mobile number. In most cases, vouchers are delivered within 5–7 working days after successful validation of your transaction or application.

Yes, you can apply even with a low CIBIL score, but your chances of approval may be limited. Most banks and lenders prefer a CIBIL score of 750 or above for quick approval and better interest rates. If your score is lower, some lenders may still consider your application based on other factors such as your income, employment stability, or existing relationship with the bank. However, you may be offered a lower loan amount or higher interest rate. Improving your credit score before applying can increase your chances of getting approved on favorable terms.

toast icon URL copied to clipboard successfully !

Download the IndiaLends App Now

  • Track your credit score all the time and stay financially healthy
  • Get exclusive Loans and Credit Card offers
  • Enjoy a seamless experience

Scan this QR code to download the app

index banner image