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Proposals in Budget 2005-2006
- The estimate investment is Rs. 30,000 in the year 2005-06.
- The Technology Upgradation Fund (TUF) scheme will be allocated
with Rs. 435 crore.
- 10 per cent capital subsidy scheme for the textile processing
sector will be given apart from the benefits of the TUF Scheme.
- 20 clusters of the handloom sector will be taken by the Ministry
of Textiles at a cost of Rs. 40 crore for the year. The Ministry
will adopt these clusters for the development approach of production
and marketing of handloom products.
- The Government will extend a life insurance coverage of Rs.
50,000 to 20 lakh weavers from existing 2 lakhs, in two years at a
recurring cost of Rs. 30 crore per year.
- The Government will also extend the health insurance package to
2 lakh weavers from the existing 25,000 weavers at a recurring cost
of Rs. 30 crore per year.
- 30 items of "Textile products includes hosiery" are
dereserved from SSI list.
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