Incubation Centres for Textile and Apparel Industry:
To promote the sector, the government has introduced incubation centres to push the start-ups and first generation entrepreneurs. The scheme tackles the difficulties faced by new entrepreneurs to speed up the process of setting up businesses and focus on production. Under the scheme, incubation centres are set up in textile parks with a maximum number of three centres in one park. who & how: Group of entrepreneurs, industry associations, developers of textile parks, state government, industrial development corporations, and special purpose vehicles backed by the Ministry of Textile can set up these incubation centres. These agencies provide factory area as well as plant and machinery to each beneficiary using the incubator. On the other hand, the government provides one hundred per cent grant in aid to the implementing agency that provides the infrastructure support, although the cost should not exceed Rs 4 crore per beneficiary and Rs 12 crore per incubator. who & what: Anyone with a degree or diploma in textile, apparel and fashion design, or new entrepreneur can avail the scheme which involves the following benefits:
Skill Development: The beneficiary gets RS 20 lakh toward a three-month training of 200 workers, following the norms set under Integrated Skill Development Schemes of Textile Ministry.
Each beneficiary gets Rs 1 lakh for training on entrepreneurial development.
Design and product development:
Each beneficiary gets Rs 5 lakh for training on product design and development.
Domestic and international fair participation: The beneficiaries get a grant of Rs 5 lakh for their participation to three domestic and one international textile fair.