GREAT Scheme

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Overview:

Recently, the union Ministry of Textiles released the guidelines of the GREAT scheme.

About GREAT Scheme

  • Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) Scheme focuses on supporting individuals and companies to translate prototypes to technologies & products, including commercialization.
  • Aim: To provide much-needed impetus for the development of the technical textiles startup ecosystem in India, especially in niche sub-segments such as bio-degradable and sustainable textiles, high-performance and speciality fibres, and smart textiles.
  • Funding:
    • Under this scheme grant-in-aid of up to Rs 50 lakh for up to a period of 18 months will be provided.
    • The textile ministry will additionally provide 10 per cent of total grant-in-aid to incubators.
    • Only a minimum of 10 per cent contribution has to be made by the incubatee.
  • All of this is being done by incubators like IITs, NITs, Textiles Research Associations, and Centres of Excellence.
  • The textiles ministry has also given a nod to 26 institutes for upgrading their laboratory infrastructure and training of trainers in the application areas of technical textiles.
  • The scheme will be commensurate with the National Technical Textiles Mission.

 

Key facts about National Technical Textiles Mission (NTTM)

  • 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.
  • The mission will comprise the following four components:
    • Research, Innovation and Development
    • Promotion and Market Development
    • Export Promotion
    • Education, Training, Skill Development
  • Nodal Ministry: Ministry of Textiles 
  • Implementation: It has been approved with an implementation period of four years starting from FY 2020-21 till FY 2023-24. 

 


Q1) What are Technical textiles?

Technical textiles refer to textiles that are designed and manufactured for specific functional purposes beyond their traditional use as clothing or decoration. These textiles are engineered to provide specific performance characteristics, such as enhanced strength, durability, resistance to environmental factors, and specialized functionalities.

Source: Centre announces up to Rs 50 lakh grant for technical textiles startups.