GREAT Scheme
31-08-2023
05:21 PM
1 min read
Overview:
Recently, the Empowered Programme Committee (EPC) of National Technical Textiles Mission (NTTM) has approved 7 startup proposals under the GREAT scheme.
About GREAT Scheme:
- Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) encourages young innovators, scientists/technologists, and startup ventures in the field of Technical Textiles to translate their ideas into commercial technologies/products and make India self-reliant.
- It supports individual entrepreneurs or start-ups for functional prototypes or commercialization of their technologies for Technical Textile
- Funding:
- A grant-in-aid of up to Rs 50 lakh for up to a period of 18 months will be provided.
Key facts about National Technical Textiles Mission
- It was launched to increase the penetration level of technical textiles in India while leveraging the extraordinary growth rate of the sector.
- The mission aims to position India as a global leader in Technical Textiles.
- Components:
- Research, Innovation and Development
- Promotion and Market Development
- Export Promotion
- Education, Training, Skill Development
- Nodal Ministry: Ministry of Textiles
- Time period: It has been approved with an implementation period of four years, starting from FY 2020-21 till FY 2023-24.
Q1: What is a textile?
It is any material made of the interlacing fibers, including carpeting and geotextiles, which may not necessarily be used in the production of further goods, such as clothing and upholstery.
Source: Ministry of Textiles approved Startups in Technical Textiles to boost innovation: Textiles Secretary