GREAT Scheme

31-08-2023

05:21 PM

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1 min read
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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