New Delhi, Mar 7 (UNI) The Cabinet Committee on Economic Affairs today approved two schemes including the first phase of the Rs 243-crore central sector scheme that is expected to benefit 4,000 spinning units and 3,200 tiny or household units of the coir industry during the Eleventh Plan.
Announcing this, an official spokesman said the first phase of the Rs 243-crore central sector scheme will be aimed at rejuvenating, modernisation and technology upgradation of the coir industry.
Further, a grant of Rs 99 crore out of a total project cost of Rs 243 crore will be given to a second scheme over a period of five years commencing from 2007-08.
Under the schemes, one existing obsolete ratt/unit would be replaced by four mechanised ratts and each new mechanised ratt will be handled by two against three workers/spinners at present.
The entire intervention in the spinning sector is targeted at women. The standard project cost of each spinning and tiny or household weaving unit would be Rs 2 lakh and Rs 5 lakh respectively. The government subsidy would be 40 per cent of the project cost in each case. Five per cent of the project cost would be contributed by the beneficiary and the rest 55 per cent will be met through the term loan from the Banks/FI.
The Scheme would help in raising wages of spinners from Rs.6000 per annum to Rs.29896 per annum. Besides the income of weavers in Tiny/ Household sector would rise from Rs.21065 p.a. to Rs.43230 p.a.. Besides, productivity per ratt is estimated to increase from 5 to 10 kg per day and productivity per loom to increase from 5 to 10 mats per day. The number of work days to gradually increase from 100 to 300 in spinning sector and from 100 to 150 days in Tiny / Household sector and employment would go up from 24000 to 60800.
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