CURRENT AFFAIRS

Detailed explanation-1: -The government has introduced subsidy schemes to provide financial assistance of nearly 90 percent to power loom weavers under the Pradhan Mantri Credit Scheme.

Detailed explanation-2: -PowerTex India is an all-inclusive scheme that’s made for the development of the power loom sector which further addresses the unheard needs of the power loom sector. The Union Textiles Minister Shri. Smriti Irani had launched the scheme for developing the knitting and knitwear sector under the PowerTex India Scheme.

Detailed explanation-3: -Smriti Irani launched PowerTex India Scheme on 1st April 2017 at Bhiwandi in Thane district of Maharashtra. It is a gamut of schemes aimed at development of powerloom sector in India with a special focus on small powerloom weavers. The scheme was simultaneously launched at 45 locations across India. Ms.

Detailed explanation-4: -Detailed Solution. The Union Textiles Minister Smriti Irani has launched PowerTax India Scheme to boost power loom sector. It was launched by her in Bhiwandi, Thane district, Maharastra. It also launched simultaneously across 43 location across in India.