{"id":300921,"date":"2024-06-19T15:32:08","date_gmt":"2024-06-19T10:02:08","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=300921"},"modified":"2024-06-19T15:32:08","modified_gmt":"2024-06-19T10:02:08","slug":"great-scheme","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/great-scheme\/","title":{"rendered":"GREAT Scheme"},"content":{"rendered":"

Source<\/strong>-This post on GREAT Scheme<\/strong> has been created based on the article “Ministry of Textiles approved Startups in Technical Textiles to boost innovation: Textiles Secretary”<\/a> \u00a0published in \u201cPIB<\/b>\u201d on 19 June 2024.<\/p>\n

Why in the news?<\/h2>\n

The Ministry of Textiles announced the GREAT Scheme during the 7th meeting of the Empowered Programme Committee (EPC) of the National Technical Textiles Mission (NTTM).<\/p>\n

About GREAT Scheme<\/h2>\n\n\n\n\n\n\n\n
Aspects<\/strong><\/td>\nDescription<\/strong><\/td>\n<\/tr>\n
About<\/strong><\/td>\nThe Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) Scheme is designed to support individuals and companies in translating prototypes into technologies and products<\/span>, including commercialization.
\nThe GREAT Scheme is aligned with the objectives of the National Technical Textiles Mission.<\/td>\n<\/tr>\n
Aim<\/strong><\/td>\ni) To boost the development of the technical textiles startup ecosystem in India.
\nii) Focuses on niche sub-segments such as biodegradable and sustainable textiles, high-performance and specialty fibers, and smart textiles.<\/td>\n<\/tr>\n
Funding<\/strong><\/td>\nProvides a grant-in-aid of up to Rs 50 lakh for a period<\/span> of up to 18 months.
\nThe Ministry of Textiles additionally provides 10% of the total grant-in-aid to incubators<\/span>.
\nIncubatees are required to contribute a minimum of 10%.
\nIncubators include IITs, NITs, Textiles Research Associations, and Centres of Excellence.<\/td>\n<\/tr>\n
Infrastructure and Training<\/strong><\/td>\n26 institutes have been approved for upgrading their laboratory infrastructure and training of trainers in technical textiles application areas.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

About National Technical Textiles Mission (NTTM)<\/h2>\n\n\n\n\n\n\n\n\n
Aspects<\/strong><\/td>\nDescription<\/strong><\/td>\n<\/tr>\n
About<\/strong><\/td>\nNational Technical Textiles Mission<\/span> (NTTM) was launched to increase the penetration level of technical textiles in India and leverage the sector’s extraordinary growth rate.<\/td>\n<\/tr>\n
Nodal Ministry<\/strong><\/td>\nMinistry of Textiles<\/td>\n<\/tr>\n
Implementation Period<\/strong><\/td>\nIt has been approved for four years, starting from FY 2020-21 to FY 2023-24.<\/td>\n<\/tr>\n
Aim<\/strong><\/td>\nIt aims to position India as a global leader in technical textiles.<\/td>\n<\/tr>\n
Components<\/strong><\/td>\nResearch, Innovation, and Development: <\/strong>Fostering advancements and innovation in the technical textiles sector.
\nPromotion and Market Development<\/strong>: Enhancing market growth and promoting technical textiles.
\nExport Promotion<\/strong>: Increasing the export of technical textiles.
\nEducation, Training, and Skill Development<\/strong>: Developing skills and providing education related to technical textiles.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

UPSC Syllabus: Schemes and programmes<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on GREAT Scheme has been created based on the article “Ministry of Textiles approved Startups in Technical Textiles to boost innovation: Textiles Secretary” \u00a0published in \u201cPIB\u201d on 19 June 2024. Why in the news? The Ministry of Textiles announced the GREAT Scheme during the 7th meeting of the Empowered Programme Committee (EPC) of… Continue reading GREAT Scheme<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,956],"tags":[11872,3590],"class_list":["post-300921","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-schemes-and-programs","tag-9pm-daily-factly","tag-pib","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/300921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=300921"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/300921\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=300921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=300921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=300921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}